In the finalanalysis, it is the fact that each tenant individually rents a room that is dispositive.” .

That may require making years of required corporate filings and paying years of fees.It’s also possible that your CEO was the sole shareholder of the defunct entity and, if so, disposition of this asset should have been handled through his/her estate. 

If you aren't a vetted investor and don't have a LOC that will advance funds into your account, you aren't buying foreclosures and you certainly aren't making seller finance deals because once they are in the process, the bank controls the disposition, not the seller.

Although I am not experienced in the disposition part of the business.

Are we able to charge them for our time, or hire a lawn care service and deduct that from their security deposit and outline it in the disposition letter?

I am fairly new to the real estate industry and I've started as a dispositions agent for a small wholesale company.

You are just holding the tenants money until the final disposition of the deposit.

If you see a 20% IRR but 12% of the IRR is based on assumptions and hope or disposition of the property then it might really be a 8% IRR instead of  20% or somewhere in between, just some thoughts.

@Javier D'Espaux, It sounds like you've got real estate analysis nailed from acquisition to renovation to management to disposition.  

I assume if you do not have a business license this is okay to do under your name, but please correct me if I'm wrong.Create/Gather all forms such as lease agreements, rental applications, acceptance letters, denial letters, move in/out checklist, pet policy, lead paint disclosure, rules and regulations, deposit receipt, legal notice to pay or vacate, legal notice to comply with lease, notice for landlord to enter property, instructions for move-out, disposition of deposit.