Philip, You're my first follow.   

That’s only about 1.18% following the above rule you stated, so the cash flow really isn’t there. 

My question comes in while reading IRS Publication 527 Page 7 there is a section that says "The following are settlement fees and closing costs you can’t include in your basis in the property."

Always follow the contracts - don't make exceptions4.

I do have a few follow up questions. 

But since most refuse to follow common sense advice, and gotta get a good healthy dose of a bad tenant experience in order to learn, consider doing the following:   Collect or you pay 75.00 and do a more extensive background check.Require a $500k non-refundable Pet "Fee,"  Not a pet deposit, but Pet Fee. 

Hey guys, As some of you already know I introduced myself to a lot of you and started reading and following your content about 2 weeks ago.

Agents who don't follow the legal (and ethical) process that we are ALL supposed to follow is a red flag for you NOT to use that agency..

This is straight from the landlord forms I purchased from BP"(B) The following furnishings are supplied with the Premises _________________________.

Following.