I was sued one time by a guy claiming we took his flat screen etc - even though we had pictures and full inventory and proper procedures for all of the rest of his belongings.

Our clients and customers are banks and credit unions who need help with operational issues like creating lending policies and procedures and credit matrixes for underwriting, specialized servicing procedures and specialized collection and recovery procedures.

But, alas, being a newbie, I do have a massage amount of questions.

These procedures may have ZERO applicability to Indiana RE Law & Procedures, but as @Jay Hinrichssays, Law of Agency is fairly Universal. 1.

I am new to the industry of real estate and I have been reading and educating myself on some steps and procedures of purchasing real estate in America; particularly Florida.

I would also think that if you and your agent followed all procedures correctly, the sellers agent should be screaming at her clients to return the money and/or dropping those clients like a hot potato.

Be sure you follow the state's law on move-out procedures, returning what's left of their deposit, etc...

Your responses have let me know I may be missing some minor things, but aside from massaging numbers, I am thinking about the right things and not missing any MAJOR items...I appreciate your input.

Detailed criteria and policy/procedures on your application is key.  

Standard operating procedure for my Muncie houses is to buy low, throw in vinyl plank where you can and make the upkeep as little as possible.