And if you ever needed to go to small claims court to try to collect this debt, one or both of those things are almost always in dispute. 

Unless you have lots of time and money you will go broke flying back and forth fixing, disputing, and managing an unruly tenant. 

The buyers bank refused to close the deal without resolution.

Most tenant disputes that end up in court revolve around the security deposit.Also, when purchasing a property with inherited tenants, assume the current owner didn't do anything right and get as much documentation as you can on the tenants ( inspection reports, current contact information, payment history, etc.) prior to closing.

Chris and Tom said that is not turnkey, I don't dispute considering the newer BP TK definition, however that is perhaps half of the "TK" industry or at least half on BP? 

Finally, it may be strongly in the seller's interest to reach an amicable resolution with you least you pursue criminal charges against him. 

They have disputed the work as not being "preservation improvement". 

That being said Bill, we should also add that in many states the legal and management functions required of LLC (shareholder meetings, board approval, corpoate resolutions, etc.) are much less servere than of corporations.

Contact your bank and advise them you have been defrauded and you want to your cashiers check canceled/disputed/returned.

I am buying all in cash and under the same llc which I purchased my first unit under.Well so far I have had to get for them:1 An official certified copy of my articles of organization (had to order from Ny state DOC for $35) as my copy didn't have the filling number ON it.2 Proof of publication for my llc.3 Operating agreement of my llc4 For good measure a notarized resolution that I am authorized to make the transaction on behalf of my llc since in the operating agreement it wasn't "transaction specific enough".