For anyone that hasn't used Doorvest, it's a simple website where you put a $1000 deposit and they send you curated list of houses they buy that need renovation, renovate, and then tell you a final purchase price along with guaranteeing things such as first year rent will be 100% covered by them even if they don't find tenants.

It helps avoid any confusion from the start.It's worth considering adding a non-refundable pet fee or a refundable deposit.

. - Accounting, not mentioned, but make sure you can confidently run the trust accounting and security deposit which is compliant with state code. - VAs, I don't think this is necessary for 30 doors, but depends on how much availability you have and how time consuming these properties will be.

We also have our Courtney Clause .. which states we can terminate the contract give them their deposit back and 500.00 at our sole discretion if we feel we are not getting along and the buyer is just too difficult to work with .. we have had to bring that to the attention of some buyers and their agents to bring them back in line.. 

I would avoid this if its your first acquisition  but you also appear to have enough cash to complete the purchase without financing so you wouldn't necessarily be at risk of losing your deposit, only incur additional transactional costs.

So I'll say this:Get a lawyer (lol) if you care a lot about this door jamb.But...My gut says, if you don't like the door jamb repair on their end, keep the security deposit money required to repair it to it's original condition.

Governor Gavin Newsom has signed AB 2801, a law requiring landlords to provide photo documentation when making security deposit deductions.

The problem is you don't know if someone just made a large deposit to make them look good and then the money is gone after they move in.

A plain STR stay agreement is going to be a problem for 30+ day stays. 30 days means tenant rights kick in in most municipalities and you don't want a squatter that will take a year to remove.Some folks on BP have been able to mix and match MTR with STR.

Your should be getting a monthly P+L statement from your property management company and a year end statement at the end of the year.Give your accountant your bank statement where the money is deposited and the P+L from your property manager and you are all set.