I've purchased 2 properties recently where tenants were in place and the security deposits were transferred to me off the closing statement.If the security deposit language is on the tenant lease you received a copy of...and of course the binding contract between the tenant and previous owner is there, you could specify the repayment of the deposit is on the previous owners hands when the tenant leaves...according to the lease.Ideally, you should check your local laws pertaining to deposits and transfer of tenant leases.Your situation does make me rethink my usual offer to purchase document and I'll start including that in my other conditions.

In your case, this is not an issue at all but you may be held to the standards pertaining to real estate agents in this transaction.

Of course this pertains to properties we do not keep long-term we are just doing a make ready, etc.. 

This is not an ad, I'm not interested in solicitations, I just need advice that pertains to this scenario.Further information is that the investors want to find medical practices between NY and Georgia (just coastal states,) with no rural areas.

I appreciate that you clarified your methods pertaining to inspections.

Hi Chris,Yes, you're correct that, to protect the physical dwelling and anything pertaining to the ownership of the property, a commercial policy would be the best fit as the commercial renters policy is not designed to protect that (it protects the renters' interests at the location like contents, liability, files and records, etc.) depending on the individual coverages therein.

All of the things you listed above pertain to owner occupied properties so if you can afford to live there then do it. 

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

Anything that even slightly pertains to real estate?

I can't answer your question directly as it pertains to Asheville, however I have gotten a few bids for ADU's here in Tampa.