The behavior is a bit off, but not surprising for a mom & pop landlord.We tell our residents exactly what we need from them for the application. 

The problem is the over saturation of them.  

The ones I've found have the best value were ultimately side-hustles for the founder, and they were making most of their money from their real estate. 

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

I may pay off my current house (6.625%), pay off half and buy 1-2 rentals or just refinance it and buy 3-4 rentalSI’m interested to see what you decide to do as wellJustin 

The deposit was carried over.Lease 3 was written to include only tenant Person B.From Lease 2, who do I have to and who can I refund the deposit to?

The seller gets paid in full . 

The easiest solution is typically keeping water away from the wall. 

You don't transfer the Deed, you write a contract whereby they will get a Deed once they pay off the loan.

I'm Pratik Patel, a healthcare professional excited to join the BiggerPockets community.