It’s amazing to get paid while getting a great education in this business.Once you get over the hump of getting reviews, finding the rate at which your property will stay rented, and have good systems in place to keep guests happy, you will feel great about your STR accomplishments, phase one.Absolutely outstanding advice, and I wish for all the world we would have read this before we launched our STR! 

ask about if there's any outstanding maintenance issues that haven't been addressed?   

Term: When is the outstanding principal due?

I found this to be helpful in the beginning, hopefully you will aswell ...acceleration clauseA clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons.

Same with court fees.By the way, my lease includes a clause for "Application of Rent" that says any payments made are applied to outstanding charges in the following order:Tenant-caused billingsNSF fees, late fees, service feesUtilitiesSecurity depositUnpaid rent (oldest to newest)Let's say the tenant owes $600 in unpaid rent, $100 in utility, and $50 for the eviction notice.

At this point the units are all leased out, gross rents are 9k, value of building is about 1.875M based on reasonable comparables, current loan outstanding is 600k, building cost to complete about 1.45M.I need to refinance, simple reason is I need to takeout equity from this property so I can build more homes elsewhere (have 8 homes planned to build in the next year).

@Costin I.Those were outstanding links including the second to last forum thread which I read all 132 comments.

Achieving the outstanding RE returns takes time and effort. 

(Irregardless of the actual law, it would arguably make total sense if the landlord could keep the deposit until the end of a fixed term lease, as security for the outstanding rent payments that the tenant is obligated to pay; but what makes rationally sense is a whole different topic as laws not always make sense.)

I don’t have experience with bidding on land but I won a house at auction and did a lien search through a title company and it cost me 150$ but it to me it was worth 150$ then to be surprised with an outstanding lien.