He has no legal rights to the property or the deposit because it belongs to the legal occupants of the rental.

At the end of the lease term, it's a simple as printing that spreadsheet so it shows all itemized deductions from the security deposit.

Is the landlord required to return the full security deposit to tenants ( or partial security deposit with itemized list of what deductions were made) within 21 days? 

No doubt buying the first property can seem very scary but ideally, you are working with a realtor and lender who owns STRs.

Biggest things you’ll want your cpa to guide you through;Material participation- there’s three tests; 500 hours; 100 hours and more than anyone else’s time, and substantially all the activity.

As I was priced out of the area, I decided to look at other towns in Pennsylvania.I bought a home in late October in Luzerne County for $83,500 and decided to manage on my own for the first time. 

Buying existing plans and tweaking them through an architect could save time and money compared to a fully custom design.

If Person A had any claim to the deposit, it would have been right after they left, which apparently was over a year ago.Your agreement is with Person B and that's who you would return the deposit to.

When we bought our first home I KNEW it was a good deal and we jumped on it. 

I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?