Hi,Newbie to biggerpockets here.We closed on a house in Chicago and our property manager is adamant that we return the security deposit that was transferred over from the seller.

Hey @Adam Hobson - there are a lot of great investors in Birmingham who you should get to know.

Adam.

@Adam Martin that's actually a structure that a lot of commercial landlords use because most of their tenants stay for many years. 

I have run the numbers in the Calculator it looks like it will pay for itself if it is rented an average of 3 weekends a month (minimum 2 night stay.)Thanks,Adam

You can work with a list broker to customize the best target for your market. 2 examples for the Denver area includeSENIORS ready for downsizingAge 60-89Home value $100-400,000Purchased 20+ years agoSingle family homesHigh Equity# available in county: 3,115 -  Adams, 1,580 - Boulder, 3,951 Denver, 947 - DouglasABSENTEE OWNERS with High EquityHome value $100-400,000Purchased 7+ years agoSingle family homesHigh Equity# available in county: 2,255 - Adams, 1,784 - Boulder, 3,915 - Denver, 677 - DouglasDirect mail has been effective to help many investors find the properties that they want to buy - from people who are ready to sell.

@PJ Kolnik Lender was Adam Oris with Guaranteed Rate. 

Geoffrey Pierce I second what Adam Adams noted.Also there are many perspectives on this.

@Quandra Adams go to your local courthouse and check docket sheets for failure to pay rent.

Originally posted by @Adam Widdicombe:@Jennifer KruppHaving purchased TK properties in the past..I am in the boat with anyone that says DON'T do it.