Credit: as your relatives you buy the home, this will eat up a great portion of their credit so if they plan to take on a loan to (i.e.) buy a new car, I can be more challenging for  them.

But then you put their 3 day notice to cure high enough the puppy doesn't eat it and charge double after that!

I offer to apply his portion of the deposit to the repairs, but he also needs to give me additional money to cover the overages (the estimate was double the cost of his deposit) with the caveat that if it is less, I'll return the left over money and if it is more, I'll eat those costs.

You'll have to still buy smart in those areas though and partner with a property manager that specializes in luxury so that vacancy doesn't eat you alive. 

So my enjoyment of renovations can be on a small built-in, or a nice piece of woodwork that I truly enjoy; not in my kitchen forcing me to eat microwavable mac n cheese from my lap.

If you sell, you have closing costs (as Scott mentioned) plus taxes, that will eat up your working capital. 

thanks You don't get to have your cake and eat it too. 

I thought about sending it back and having her resend it, but decided to keep it instead and just eat the fee. 

They eat, sleep, poop just like you (Everybody poops)!

Other than that, have a nice day.There is more bad stuff in your Wheaties that you eat every day or that stuff you eat that was sprayed with "Round up" (corn, wheat, oats and on and on).