Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

Nothing you mention is "ordinary" and you should charge for all of it. dodged a bullet there thats a very good price take it from the security deposit and call yourself lucky. 

You need to have the ability to make changes on-the-fly,  the ability to cut your losses in an instant, and the power to make all critical decisions that will make the deal perform they way you want and not the way some unscrupulous syndicator wants. 

Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

deposit to account xxx?

Hi Ernesto, I paid $1,000 deposit to join this inner circle.

Im assuming that is what would catch any errors in owner distributions, deposits, profit/loss? 

They didn’t completely destroy the house, I did keep most of their security deposit and used it for the repairs, along with some of our own cash.

Each jurisdiction is different, but typically include a substantial deposit due same day up to full price deposited that day. 

I used a private lendor to fund the re-hab (cash) and owner financed the purchase price (minus down payment) I have a bank account linked to Stessa and I see the cash deposit in the transaction tab.