When a tenant moves out do you keep money from their deposit for things like not replacing burnt out light bulbs, not removing screws or nails from the wall?

Either paint it light grey, or else no paint, Just waterproofing.

Thank you for your lights on this!

And it took 8 months...In your situation, you should look for a light fixer-upper so you can get comfortable with the pricing and the process.

This allows me to position the property for my clients in the best light.

I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).

New flooringFresh paintPainted cabinetsRefinished shower surroundshardware and light fixtures What was the outcome?

The window must have a net clear openable area of 5.7 square feet (5.0 square feet if ground floor), a minimum openable height of 24 inches, a minimum openable width of 20 inches, and the bottom of the opening must be within 44 inches of the floor.Size: The room must be at least 70 square feet, and no less than 7 feet in any horizontal dimension.Lighting & Ventilation: A natural light source (window) of not less than 8% of the floor area and natural ventilation (openable window/door) of at least 4% of the floor area are required.Heating: The bedroom must have heating capable of maintaining a minimum room temperature of 68°F.Smoke Detector: A smoke detector is required in each sleeping room.While a closet is expected in most bedrooms, the International Residential Code does not actually require a bedroom to have a closet.

Based on the number of units and rental rate the reported cash flow was very light.

In a nutshell, a guest left a tenant's apartment, went down the common area stairs, where ALL the lights were burned out, tripped on the bottom stair, and crashed through a plate glass window.