I've read up on local (Massachusetts) law/guidelines regarding utilization of security deposit but it's pretty vague in this regard. 

Hi Brandon,I´m a private money lender, private money broker & have a network of investors looking to fund deals.

Account Closed I would strongly recommend instituting some kind of pre-screening process when people inquire about a rental.

I do think there's a good amount of speculating or institutional/foreign investors chasing yield.

The 50 / 50 split above a 15% LP IRR is also extremely favorable to the GP, and relatively unheard of (at least in the institutional private equity world). 

Are there any online platforms or institutions you recommend for studying real estate principles, market analysis, and property management?

https://www.redfin.com/MA/Brookline/16-Garrison-Rd-02445/uni...It's a basement unit.

I'd not been there for several months as is often the case and didn't know it but they'd instituted a new policy where buyers need to show an official ID when going up to pay after winning that bid, this due to the goofs who were wholesaling or whatever and would put their 10% down and then use whatever name, so they could then simply call their buyers and find whoever wanted to buy it and then that person would show up for the confirmation hearing and pay the balance.

I am looking to learn more about pre-foreclosures and foreclosures in MA and NH as well.  

Quote from @Audric Ma: Hello!