No offense to anyone on here, but if someone gives you even a smidge of bad advice, you could have a lot of trouble.

No offense but you continually trying to compare IB investing to just putting money in a savings account is laughable.

No offense, but 3 properties is a cool breeze, on a hot day, walking on the beach!!   

No offense to @Nick Vehr here at all but a professional property manager has the correct wording in their application legal disclaimer, the reservation deposit agreement and their lease so that a tenant who fails to move in wold absolutely forfeit any monies paid.

No offense, but actually I don't have to be familiar with the specifics of that market.

This is not that impressive, given the level of leverage.2, No offense is intended, but, in general, agents tend to overplay the numbers a little.

No offense to anyone who holds debt.

The advice you already received to engage an attorney is something you should follow.Writing checks on a closed account is a criminal offense - see if the county will prosecute this tenant.What sort of screening process did you use on this tenant before you let this tenant move in?

Please do not take offense Edgardo, its just that anything posted on this forum has a way of eventually ending up on page 1 of google.

No offense) we are friends and I want to go about this the right way.