I would refund the deposit amount in the lease - minus any claim - to the tenant and chalk up the difference to a life lesson.I am glad you circulated Estoppel Certificates to the tenants.  

Also look into more than one way to invest in real estate, roll the money from one to other, I use handyman business to improve skills and fund my flips, rentals, or tax liens/certificates.  

Obtaining copies of the application and background checks may require the tenants consent - here in Canada, it would be a violation of federal privacy law for the Vendor to simply had them over.One thing Kevin omitted, and why you need the leases before the end of your diligence period, is to prepare an estoppel certificate for each tenant using the information obtained from the lease, then meet with the tenant to affirm the information and to discover any other material facts (i.e. side agreements, pets unknown to Vendor, etc) and have the tenant sign the estoppel.  

If the building has vacant units when we submit an offer, we typically request the Vendor allow us to "assist" with filling it (that way we screen any candidates).We review the Vendors application process and screening practices and often will request to re-screen the tenants - we normally solicit consent while pursuing tenant estoppel certificates.  

Or, for that matter, certifications that may need obtained.Thanks!

There is also special language - as a disclosure - that has to be included in the certificate of formation. 

Bank National Association (as trustee on behalf of the holders of the home equity asset trust 2007-2 home equity pass-through certificates…).

In Ohio, I know you cannot foreclose until at least 1 year after the Tax Lien Certificate is sold at auction.

Mine sends me a gift certificate for B&R ice cream on my birthday every year, when even my own brothers and sisters forget about me!

You will need a certificate to present to your lender (bank mortgage consultant).Several things to bear in mind if you go this route, which could save you tens of thousands:Attend a workshop that issues the certificate for free, unless you don't mind paying the $60 or so - the Realtor can organize this, as he'll want the business.Make sure your mortgage consultant is certified to process DPA, not the bank, but the person!