We'll pro-rate hold over days from their security deposit so the earlier they get out the more money they get back and we give them cash on the spot if they leave our unit completely empty and reasonably clean.

Expensesget taxes from county. look at current valuation and you should have a good guess at how much it will go up based on purchase price.Find out what expenses are paid by LLVerify which utilities are separately metered; get average winter/summer monthly costs from utility company for any 'house' accountsGet quote per door from your insurance agentGet a quote from your landscaper (find out what they pay)Get a dumpster quote if you don't have city trash binsFind out if there is a parking lot sewer feeFind out rental registration requirements and costs (can be both county and muni)Income:Get the rent roll, In the contract require that you get estoppels signed by tenants and current owner saying amount of current rent, security deposit held, past due balances, and spelling out any promises for additional work/upgrades (there shouldn't be any). 

In NJ I cannot accept a pet deposit and security deposit so I decided to add the monthly pet fee.   

It will outline rents paid, deposits and any advance rents like first and last.

By investing passively in a real estate syndication, you can earn two types of returns: cash flow and profit split.Cash flow returns are checks or direct deposits (typically on a monthly basis) from the time the deal closes until the asset is sold.

You definitely need leases, ledgers, security deposits, prorated rents, and keys.  

Failure to do these two things results in being thrown out, and having their slight belongings thrown out.Then they are homeless and must couch surf with friends until they can come up with another deposit of X weeks rent for another similar weekly room situation.The renters cash income may come from a job, or other (extra-legal) means.You will find situations like this in tough neighborhoods, and if Section-8 finds out about it--Mrs-X will be off of Section-8 for some set period of time, and have to fend for herself housing wise.

The wholesaler spent about $120k in EM deposit, new survey, Phase I, interior survey, and some letters from city on zoning.

Assuming you guys are using conventional lending, if all three of you were on the loan, then this one property takes up a slot in each of your allotments for 10 loans.  

The title company sent the escrow deposit to the seller.