Make sure the lease clearly stipulates the security deposit and do not acknowledge receipt of the SD until you actually have it.

Is this the same process for a duplex or quadplex or are there extra stipulations? 

I made them an offer with the stipulation they had to get a conditional use permit from the city that would allow me to rent it as a duplex. 

Not sure if I am crazy but I imagine that wholesalers have a perfect folder in their computer with a plethora of contracts with different types of stipulations for different types of deals.

My mom about 2 to 3 years ago had a knee replacement by one of the best knee surgeons in the United States.She was one of the last Medicare patients they accepted.The surgeon was telling us that Medicare wanted to stipulate WHAT PARTS they wanted them using in surgery or they wouldn't pay.Medicare wanted to start using cheap crap from Chine where they get a discount and put inferior parts in with high failure rates.The surgeon dropped Medicare and said they didn't want to put in a bad part and get sued or blamed later for revisions.I agree completely and do not blame them.The best doctors being forced to use crap from Medicare or they won't pay is awful.It's about the money and not about the quality of care.I took my mother-in-law in for a hospital appointment the other day.All the doctors and receptionist I talked to did not want the Health Care bill passed.The Government oversight already is too much and the forms too cumbersome.Regardless of political party affiliation more government control and forms increases cost,time,and tax pay burden.If our Government believes so much in the health care provided under this bill they THEY should lose the health care packages they have and move to this.I pay cash when I go in and ask for a discount.I do not have health insurance by choice.I do not want to fill out ten thousand forms and be told my only plan provider is 1 hour away from me.I want to choose who I go to and what kind of quality care I receive.Paying cash I can do that.If anyone believes businesses will pick up the tab for extra health Insurance cost I have some Ice Igloos to sell you in Hawaii.If a business owner makes 100k profit a year they will not now make 80k a year and take from their family to prop up employees.They will trim the fat.I can see many more people using virtual assistants so that there is no paying of these costs.Just like Obama did this credit card bill that capped fees.All they did was raise rates for the good borrowers.The credit card companies sure didn't take the hit.I shouldn't have to pay for the governments short comings.It should come out of their pay for passing the laws and acts that led to these problems.All the government does is kick the can down the road and borrow from one place to prop up another.I don't believe this law will do anything except create more government bloat.

In the contract, it stipulates that he has 3 "grace" days, after which late payments start.

It depends on what the partnership deed stipulates about exiting the partnership.If at least two partners are still left after one partner exits, the entity can continue to be taxed as a partnership.

Examples include: At lease signing, the binder payment becomes a credit towards rent •If the binder holder does not sign the lease in the timeframe stipulated in the binder agreement, COMPANY shall retain the binder as compensation Basically, the property specific document (entitled "Additional Binder Agreememnt Conditions") summarizes the policy document and significant parameters that will be in the lease.

However, I would let the current tenants know that you will not be renewing their lease at or before the time period stipulated in your lease/by your state for non-renewal. 

Our lease agreements (in California) always stipulate that there is a ONE MONTH RENT fee, in addition to 30 day notice required, in order to break the lease.