Perhaps there's another way to make you feel comfortable and not blindside the seller.

It's done much better than I predicted (due to the summer months probably) and I want to ensure I have all my ducks in a row for next year's taxes so I don't get blindsided.

Horror stories abound of owners being tempted to sign with a manager based on a low quoted commission rate, only to be blindsided when the effective commission rate was more than double the amount quoted due to “additional fees and management services.”Always do your homework upfront, and know how much you can expect to make before agreeing to any arrangement.Our site has a personalized tool to help you figure out how much your property should be making in annual rental income4.

It sounds like the whole scope of lease changed when this tenant blind-sided you.  

She emailed us back saying she is basically blindsided by this last minute change in the terms and our request for security deposit and now will not sign lease.

I offered to make necessary repairs and clean up, but LM said that they wouldn't reinsure me, so I cancelled my auto policy with them as well.I was definitely blind sided by this and I hope I can find another company in time. 

please consult a tax lawyer and or attorney - even if the coop has loose rules now it could change - additionally there are tax advantages to a condo - and your liability is different. in both cases you should check the financial status of the association to avoid being blindsided. 

People who are accustomed to steady income or easy income are often so comfortable that they are blindsided when problems finally do show up. 

I understand the process of obtaining a loan and buying the home, but I do not want to be blindsided by something I do not yet know about. 

I understand the process of obtaining a loan and buying the home, but I do not want to be blindsided by something I do not yet know about.