I came up with $48,750 after repairs (carpet, new windows, paint, etc.) as an offer.

But first I would make sure it is operating on a salt water system, no chemicals needed, just add salt which the the cleaner will take care of.

I've seen insurance companies have exclusions for that on aggressive breed dogs, so check that out first.Here are the pros and cons in my experience:Pros:- tenants seem to stay longer because its hard for them to find places that will take dogs- I charge a $500 per dog additional security deposit & $25 per month in pet rentCons:- I've had dogs completely destroy yards, and it takes weeks and even months to get the grass to grow back (interestingly enough, this is not an issue for new tenants who have dogs though since there dog will likely do the same)- scratches on doors and chewed carpet- Neighbor complaints about barking (Haven't had this much at all)I have 14 units and I do allow dogs in all of them and have not had any horror stories yet, at least none that resulted in a lot of out of pocket expenses that the deposits did not cover.

Other applicants without pets may view your 'pet friendly' rental as dirty and something to stay away from especially if you have carpet. 

Also see if you can connect with a mentor or maybe even JV with someone experienced on your 1st one so you can be certain you are not getting taken to the cleaners.

The house is in pretty decent shape, it needs paint, the carpet needs to be cleaned and re-stretched,  some misc cleaning, and yard work.

We got bids for all the major system updates and for paint, carpet, etc, and we estimated 15K to get the home in good condition, which we were ready to do.

It was a paint and carpet rehab that I purchased for $36,100 bought FHA.

Nope.Thursday while doing the walk-through I discovered wet carpets in rooms adjacent to master bath.

It was previously carpet, and I pulled it and replaced with vinyl.