@Matthew Srnka1. no educated seller is going to allow you to use either "and/or assigns" or "or assigns" -- both purport to allow you to freely assign your interest and obligations to a third party.

If you have this estoppel then you can provide it to your legal counsel if and when it may be needed.The alternative is to threaten to walk from the deal unless the seller agrees to have escrow hold back this months full rent and the security deposits purported by the tenants to having been paid until such time as the landlord can leverage the tenants to comply in validating the information in the estoppel or the seller can produce documentation that supports their claim that no security deposit exists.If I were in your shoes and didn't know exactly what my legal standing is as a buyer under a contract for sale or post closing as a landlord with allegations of existing security deposits from tenants I might be evicting before receiving any rents I would contact an attorney post haste to get sound legal advise.

Title insurance does not have anything to do with where the property lies on the face of the earth, only who appears to own it and a survey is not needed for that, but when someone purports to own a property with what appears to be a legally insufficient legal description, title to it may very well be uninsurable. 

Lincoln may have been honest, but when you study it even the Emancipation Proclamation wasn't what it purported to be.

Trammell Crow purportedly said: "People have laughed at me for buying too late and selling too early."

Expensive houses just don't make good rentals.There are lists floating around that purport to be private lenders.

Asking questions to which the answers are obvious and purporting yourself as a "wholesaler" without even a fundamental understanding of how to evaluate a deal is a way to go in the opposite direction.

(d) A provision of a lease that purports to waive a right or exempt a party from a liability or duty under this section is void.

Legendary real estate investor Sam Zell believes (or at least purports to believe) that homeownership will fall to 55%, well below the 64% it is at now and far from the ~69% we saw prior to the crash.

And since it was all pretty bad (some outright lying -- i.e. house listed on the MLS but they purport it to be a off-market under-contract deal) I just stopped trying.