The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

So make sure your GC understands there will not be a 50% deposit etc - it would be more like a commercial construction type where you pay for portions of work when complete

Several years ago, even with high cash flow from a business, I felt fairly locked out of the places I wanted to purchase due to endlessly rising prices and rates that required constant underwriting revisions to the point where it wasn't worth the time expense. 

The boyfriend has since advised me he is no longer at the home and wishes to have "his" security deposit returned to him.

For that service to be 20 dollars less a month they use a phone tree that requires outsourcing to other countries to answer and sending them to an information web black hole to spend endless time finding what they are looking for.Then you have someone like me that makes up a very small percentage of the population in income and wealth.

Not only do we have high STR/MTR demand, but we have an endless line of people that want to live here and yet very little buildable land, the result of which is consistently strong appreciation.If you have the option, I would consider a townhome over a condo.

In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr     (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr   (12.6 CAP)    (includes tax, ins, listed maint for past yr)     After reno NOI 127,475/yr   (14.6 CAP) Deal info:    - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow  = 2100mth     (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.

I have my painter itemize extra charges so I can deduct from deposit.

If not, why not just give a sizeable EMD (earnest money deposit) into escrow and close on it in 120-150 days.

Possibilities are endless. - Outdoor amenities.