I had a private investor on the deal, and in order to make sure they got their preferred return, I forfeited my end of the profits. 

I believe we would continue to qualify for FHA financing, but I'm not sure if there are any other first-time-homeowner aids that we would be missing or forfeiting by buying an investment first.  

You may need to forfeit the deposit, but you will be otherwise relieved from having to purchase the property.The inspection contingency says that you have the right to conduct an inspection of the property.

On a commercial property it is common to lock out a delinquent tenant.Any fixtures and chattels belonging to, or installed by the tenant, may be forfeit.

Her recourse if I miss/stop payments is foreclosure, I forfeit my down payment.  

@JJ BlissThe security deposits do not belong to the PM or to you, but are held in-trust and belong to the tenant until such time as they forfeit them to pay for debts or damages.Not only must the PM send the security deposits to you or your new agent, but depending on the legislation in Wisconsin, s/he might also have to include the accumulated interest on each deposit.Sounds like the PM is not holding the deposits in trust and perhaps has spent the monies.  

If the landlord fails to give the required notice within the 30-day period, he or she forfeits the right to impose a claim upon the security deposit.

@Charlie MacPherson I'm sure somebody will find some state where you have to have $1 change hands but where I'm from contracts are just mutual promises and no EMD is required.The EMD is a remedy... forfeit upon default.

Report back when you get a $1,000,000 liability case that goes against you and all you forfeit is the LLC assets.

Pay a fee of 2 months rent and forfeit their security deposit or THEY have to find an acceptable tenant (meet my standards) to take over the lease.