If you have been reading about the market of Whole Sales pertaining to housing.

Just to be on the safe side, I would suggest you consult legal counsel to get a definitive answer regarding this, but if you'd like to read the civil code pertaining to security deposits you can do so by following the link below:http://leginfo.legislature.ca.gov/faces/codes_disp...Hope this helps and good luck!

But they have many other ones that are general wealth related and not pertaining to solely real estate.

The defect exclusion pertains to defects in construction or products you actually build or manufacture and nothing to do with an unrelated product defect. 

And he said that she said it's a long process(most likely pertaining to payments or the bank?)

Broker fees could pertain to realtor fees or financing or both.

I've always thought capital gains as they pertain to real estate are more of a "one time" type of income obtained from selling property.  

I would use the term Profit/Loss to talk about the total difference at the end of the year...Certainly your points with percentages pertaining to repairs, vacancy, and capex all hold water. 

I feel I can get a better idea of all the numbers when I ask for documents pertaining to taxes, actual expenses.

I didn’t close on the SLC property this pertains to but this is good to know for the future.