For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

The seller has already provided soft copies of the 1040 to the bank but with social security numbers and other personal information blurred out.The question is... why does the bank need the sellers 1040 from IRS?

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If there is something in your lease or a law you can probably keep the security deposit up to the amount of notice the tenant was supposed to give.

Also, secure the windows very well or you will be dealing with squatters most likely.

I want to share a story about how our team was able to secure 3 off market properties we are closing on today.

lots to do in Edgewood, Kirkwood, Grant Park. 

Thanks, @Grant Rothenburger!

@Grant Rothenburger thank you very much!

Another method, although this is more complicated (and I've only seen it with securities, so you might want to talk to an attorney) is dilution; namely if one partner puts in more money afterward in CAPEX, the other partner's ownership is reduced.