All legal rights pursuant to the Rental Agreement, including return of any Damage or Security Deposit(s) are assigned to the Incoming Resident and remaining residents.

Opened another checking/credit card for just real estate expenses, and deposit tenant and our portion of payments into that account.

hopefully you still have their deposit to offset some of the costs. 

He had collected a $5000 deposit from them, and also was collecting more from them on a monthly basis that what we had originally been renting it for and pocketing the difference.

Do you need instant cash flow?

Since they’ve already already signed the lease and put the deposit down, is there really any reason or benefit of meeting them in person at this point?

There is a strong negative sentiment with current government that will be instantly overcome with new government whoever will be.

one does not have to risk EM and or big deposit until they get to do a HOme insprection and CO has been issued.. is that correct..

You will also want to draft a comprehensive lease agreement that outlines terms such as rent amount, due dates, security deposit, maintenance responsibilities, and any house rules.

(In other states there are very different processes where you can actually finance foreclosures and have 30 days to close, etc, etc.)The short version for Florida is that you have to have 5% of what you want to bid on a property on deposit with this website.