The timeframe can also be influenced by whether or not the homeowner has legal representation.

So my question: Would I legally be able to keep the security deposit to help cover the water bill, given that we found the faucet on previously?    

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

If you want to go the "cash for keys" route, there is no specific formula or legal limit, it's just something you negotiate directly with them. 

Looking to figure out the financing and legal structure.

I would imagine they wouldn't be too appreciated of that and would put up a fight although they signed a legal contract to sell for $x.I had actually put a nice lot under contract (I was going to close under my name as normal) from an owner that was doing a FSBO.

Make sure this is the right track before making your life more difficult.An LLC is useful for two things: anonymity and legal protection.

I've  been Investing in RE for over 35yrs and have legally not payed a dime in taxes and have been audited 7Xs by the IRS...and am undefeated...willing to Share my knowledge....

Finally, do you know if there are any legal requirements for how landlords need to store tenants' SSNs?