One large amount is for an unpaid water bill.

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The neighbors get foreclosed on more than typical neighborhoods and that keeps values lower for longer.2) HOA association decides to levy a $20K assessment on all owners in the neighborhood in order to upgrade everyone's windows, decks, roofs, and siding.3) HOA increases monthly dues by $250 per month in lieu of a large special assessment. 

In this case, I would incur that overage as a turnover cost.Obviously if there are large damages or larger jobs, I would deduct from the deposit.  

With little $ you can get a website going (to sell what you buy), find motivated sellers, and start flipping property.

And I can only do so because I'm not a large PM - any big company likely won't put up with that, they've got their systems in place that make things flow for them and for you.Keep in mind however, that every bad tenant was once a good tenant.

The town website may list available programs.

She has a large association and regular monthly meetings.

@Jeff Kehl Excellent posting.

@Brian Halstead  I have been using Bob Peppe @ Pelican Insurance for more than 6 years,   he is the best on the area, good price, excellent service, great guy,  investor oriented