@Lana Lee - Ratio Utility Billing System is basically a legal way, supported by state statutes where you can bill back the tenant for their portion of utility usage based on # of bathrooms, occupants, etc.

This has been expressly addressed in the statutes to put an end to unlicensed brokering.

Check Texas intestacy (meaning "no will") statute - it should govern how title passed and to whom it passed.

Attached is the statute for your state in regards to when/how to send information regarding the security deposit information to departing tenants:https://app.leg.wa.gov/rcw/default.aspx?

My favorite saying is "applied and accurate knowledge is power".If you learn something accurate but do not put it into practice you will get zero results.If you take inaccurate or half-accurate information and apply it you will not get the results you want.The combination of what you just learned being accurate and correct and the implementation is what makes the best chance for success.I usually just look at the books for free and pick up tidbits that way and read on this forum and also read state statutes and federal statutes.Tons of fascinating info there you didn't know.

If statute requires new locks when you have a turnover I would probably refund all of it.

After that the Florida legislature firmed up the statute that says multi members charging lien is only recourse againts multimember worried that court decision might have business flee the state.

What I read was so amazing I thought it had to be a joke. 16% percent interest and the lean had priority over a deed of trust or mortgage, So I copied dozens of pages of the appropriate Arizona Revised statutes and studied the laws.

@Kirk R.I would guess that your State has a Property Code or similar statutes that will give you guidance on this matter.

Another thing you need to consider, depending on the case law and statutes in your state, county, city, is where equitable and marketable interests will allow you rights to market the property without first taking title.