Virtually every state (including Florida) has a Landlord/Tenant act that defines the idea of deposits.

She thinks it's a bit of a grey area -- not specifically defined by the new code and thus left to interpretation. 

I will Definately get one there.I have read some books.

Sounds like there is an interest component and a principal component.

We were able to install a new HVAC system, give the pool a complete overhaul with new internal components and replace the roof with new gutters and leaders.

You need a Building Contractor or General Contractor to pull permits on a 4-unit building.Just the way Florida has defined things...

I'm not sure which component is the driving factor.

The appraiser is not expected to test components (this, however, would be part of an FHA appraisal inspection).

Hey Elijah,you bring a lot of valid points and concerns to the table. obviously, as with all investing it is subjective.you need to clearly define what works for you and why your doing it.. with cash-flow being great it will create the ability to look at other opportunities sooner with cash in hand(remember you don't need to do it all yourself) However, on the flip side of the same coin there are several liabilities.

Doing major structural component work, it's a bit different a thing, we not only have to price for the material- labor - O&P like other trades, but also risk mitigation.