The other might be due to a clogged gutter that cause water to overflow back to the roof and down the wall.

It was an underground house (see photo) and we have gutted it, torn off the old roof, and next week we start framing the new house on top.

When i mention we need to come up with special assessment to cover the damages he says he won't pay and other members won't pay either. 

I also saw your profile and I need a roofing contractor so please pm me for future projects.

But I did see you have "misc" at 10% so i guess that about covers it.

Based on some insight that I have been fortunate enough to come across, a security deposit most often does not cover all of the damage to the property.  

If you're ok with that kind of return you should be relatively safe and have operating expenses covered with that rental rate assuming you've done the diligence (it seems correct though since I know the spring, tx area somewhat).

From what I understand, a short sale is an agreement between the current “defaulted homeowner” and lender to sell at a price that will attempt to cover the mortgage, but once put under contract or sold does the “defaulted homeowner” have the option to recapture the home in a short sale as they may in a foreclosure?

I have heard the podcasts, but I want to hear more experiences, cover all bases, and just hear what you all have to say!

There have been some upgrades, like the roof, paint, kitchen appliances  etc.Now what gives me concern is that my realtor has a wait for the right buyer to come along strategy.