you are still loosing that $200,000 in appreciated value. 

It costs me almost nothing, and I loose no sleep. :)I really enjoyed "Rental Property Investing", by Brandon Turner.

A little higher than 1 months rent to reduce them stiffing you on the last month but low enough that you don't loose candidates to your competition.

Do you have people apply and loosely screen them before showing units, or is that all after the meeting and showing?

I'm bound by all of that state's rules when I do business there?

A lot of times there are small things that can be fixed immediately, e.g. loose handles and railings, burnt out bulbs, faulty smoke detectors, dripping faucets, running toilets, loose toilet seats, etc.

You are probably (like myself) stressed, loosing time chasing them up, losing money filing papers.

This has only a very loose connection to the actual value of your property.

If the outlets weren't loose already then I would wait and do this at a turnover.4.

@Rob MyersIf the tenants are under a year lease, you are bound by the state statutes of WI.