If the previous owner allowed them to stay there and said nothing, there is a possibility that you may not win if they dispute the charges.

Massachusetts Security Deposit Law: One of the most neglected rental laws in Massachusetts and one of the most disputed between landlords and tenants.

@Saurin PandyaCreating your own OA is your chance to the set the rules and regulations of your LLC.In the event of a dispute or lawsuit if you did not set out these governing guidelines in your OA then the courts revert back to standard state laws.

My mortgage officer said I can dispute the appraisal, but from what I've read on the internet, this seems like an almost lost cause. 

I am sure there is more to the story.As far as ACH and checks, most people don't realize that someone can come back later and dispute only to have the money leave your account.

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?

Do you know the dispute process?

I have been told that in my state the largest landlord tenant dispute was for $1 million and that was a big apartment building company.

Drastic changes are needed, to make the government more efficient, not larger.Joel Owens You're right, there is no resolution to these conversations.

Plan as though a dispute will occur at some point, whereby the Contract will be necessary to settle the disagreement.