So if I contributed some money to my dad when he bought an investment property - I made the PSA deposit during the transaction.

The attorney can also then assist you with creating the following compliant with all federal, state and local laws:1) Rental Application2) Lease & Pet Addendum3) Renewal documents4) Nonpayment Warning Letters5) Eviction Letters & Notices6) Legal Entry Notices7) Security Deposit & Release of Liability Letters8) Vendor Contracts with insurance and other requirements9) MoveIn & MoveOut Procedures to Share with Tenants10) Etc.Hope this helps!

The correct answer is have 6 months of rent plus a regular security deposit held in escrow with the title company.

Essentially they're a letter the seller puts together for each tenant stating the basics - whether they have a lease (and its termination date) or if they are month to month, what they pay each month and whether they're current on those payments, whether they have a security deposit (and if so, how much), whether they have a pet (and its breed, name, & age), whether they pay extra for that pet or have a pet deposit you'll have to refund, etc.

Same with cleaning - they’ll itemize excessive charges for grease/dirt beyond normal and I charge only that amount to tenants deposit.

The problem with these is if a tenant charges back they do not fight the chargeback they just take your funds and return them to the tenant.You can ask the tenant for a wage assignment or to put you on their company's direct deposit.

With the ability to do electronic rent payments and scanned in check deposits you’ll likely spend little to no time on this.

I know the amount of cashflows isnt always going to be the same but i would if their is a positive, i would like to use the funds to pay back the loanor could i set up a checking account with automatic payment to the 401k loan from the left over cashflow deposited from the leases ?

When you don't find out about damage or poorly done repairs until move-out the damage may exceed the deposit and you might never recover the cost.

I would have no information on the person other than the passport, the deposit, the cash payment, and the lease.