@Thomas S.It was a valid PA lease.. so I think I was within legal right way However, it may have been slightly unethical?

A California license is not valid in Florida, for example, or vice versa. 

I probably should have articulated profit as gross profit given the number of variables like you mentioned that can each be controlled by varying degrees.I agree the rate should probably be dropped a bit for the reasons you mentioned and you make valid points about turning away potential lenders.

My question is, if we have a home warranty like American Home Shield, should we our tenants to use the service granted they are willing to pay the fee, which is less than $80?

Valid points.

hey im glad you looked into the properties and contacted experts to validate your intent. good work! 

If your appliance is under warranty they might cover it, if not $700 is not bad compared to a burned down house. just make sure you have your electrical box inspected and for any possible burnt wiring.

Justin makes a valid point "laziness costs money"The only time you need a deposit is to cover damage found after a tenant moves out.

Millenials are far from the only or most affected generation.It is Intelligent to be aware of where we are in a market cycle overall, so the question is valid, especially if your market has been frothy and deal-flow slim.  

I think if you have a valid reason then the lender may be more flexible.