Thanks for the response.

A lease should state the heat source and who is responsible for paying for the fuel.

Certain investors opt to buy properties on an individual basis, which they subsequently transfer to an LLC when funding is obtained.Ultimately, whether or not to create an LLC before purchasing a property is a personal decision.

That is an entirely different thing.A distressed property is a circumstance.Motivation is an emotional response to a circumstance.Tall grass, tons of mailers on the floor—these are circumstances.

If you notice a lot of the responses in this forum is from all over the country.

Thank you for all the responses. 

Hi Salvatore,Thank you very much for your response!

The landlord could be held responsible for 3x the deposit if they fail to do soWhat provisions are in the lease agreement you signed ? 

@Clay TeegardenAmongst the avalanche of nearly identical responses from my fellow accountants about setting money aside and rates and so on, I will repeat a point that I consider crucial:There is no guarantee that you will have any taxable profit when you start flipping.

She is responsible for the entirety of the lease, even if she vacates early.