What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?

Its really no big deal because you are 100% in control and its not like you will get in a dispute with yourself, so you will only need Articles of Organization.  

However, he will require me to sign an agreement which will release him from future responsibilities and disputes.

Frustrating as it can be, and as much as it runs contrary to our natural inclinations of empathy and conflict resolution, it's not your job to admit responsibility for an injury.

Be especially careful charging a tenant for the entire cost of carpet when the carpets are like 10 years oldPicture or pin holes in walls, as long as not excessive Painting the exterior of the homePressure washing unless there are oil stains from their auto Routine maintenance There are many more circumstances that could and will come into play, but lets all work together to come to a resolution.

I don't think anyone can dispute the local government corruption issues. :-)@Sean Price , whether you move to South County RI, NYC, CT, or elsewhere, here are a couple of great websites to check out the area and get real specific info, down to the neighborhood level:http://www.city-data.comhttp://www.bestplaces.netGood luck!

You have to get court approval to sell or have you assume Any non arms length transaction (sold to family) is going to be disputed.

What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?

This documentation can be invaluable in case of disputes.

also in most the states I work in if you use the board of realtor / MLS forms there are mandatory mediation clauses in them.. that really helps solve real estate contractual disputes.. keeps the court system from getting clogged up on EM  disputes etc.