Call your agent now and have the policy start the day you take possession (I assume this would be the day of closing).

During closing, the previous property manager mentioned that he would transfer the security deposit to me within a week but he never mentioned anything about the rent for August and I didn't think to ask about it either.I closed and took possession on August 3rd and my question is this; assuming the tenants paid their rent on the first, shouldn't that go to me or does it go back to the previous owner?

It's also predatory dealing, as a residential tenant was never granted the ownership rights and responsibilities of ownership requiring upkeep, the landlord is charging for rights of possession in rents, then on top of rents, requiring a tenant to pay their costs they are responsible for.

The longer answer is, bid because it's just a type of deed that says they have no idea what could have happened to the title chain before they took possession.

We can not control other people's live's but we can control our lives and our possessions.  

Either pay for coaching or volunteer your time to help active local investors with whatever they need you to do with the agreement that you will pay you back with the education and experience they possess. 3.  

There is still a senior lien that is not being paid and will eventually foreclose but given that you now have title you can take possession, turn on utilities, and rent the property out.

If they say no, I would ask the listing agent if s/he filed a police report for the vandalism on the house that is about to change possession. 

This one is coming with 20% instant equity and needs "nothing" to rent out in the heart of grandview it's already a bit overdone for the area - granite, stainless, hardwoods, outbuilding) - I think this one will rent as soon as I take possession and market it.On the financing side, I took my relationship with portfolio lender a step further and moved some security assets I've been holding a long time (income oriented things like bond ETFs) for free to their asset management division, which allowed them to give me a line of credit with those as collateral at 3.5% "interest only".  

According to adverse possession in an extra 14yrs that section becomes mine.