The total amount of damage will be a product of how long things are shut down, and that I can't know. 

Last question, do landlords usually charge a non-refundable pet deposit each year a tenant signs a new lease to help pay for damage the pet creates over that year?

I had a fire with about $140,000 of damage.  

When reviewing the PPM, be sure to check that this is not included.While reviewing a PPM, my friend noticed this clause:The Company shall indemnify, defend, and hold the Managerharmless from any losses, damages, and costs that relate to the operations of the Company to the fullest extent permitted by law.From the PPM, my friend noticed that the Management and the Sponsorship team appear to be the same people.2 questions:1) Does that clause in my friend's PPM mean that in fact, the sponsorship team is putting the clause that is NOT recommended by Perlman's article?

Hiring out to a reputable company helps with underwriting.Finally, to answer your question: how likely? 

We may have to sue a tenant that moved out for damages beyond the damage deposit.

Are you legally allowed to use the Security Deposit for anything other than damages, unpaid utilities and last month's rent (if they left without paying the last month's rent)?

I understand that people are going to steal and vandalize properties, however, I feel there have to be some measures one can take to limit the financial damage of these subversive actions?

I did have those suggestions go through my mind but was wondering if it would damage the furnace since it would be oversized.

As long as major damage wasn't done by them after you purchased the property.