PaulYour attorney forgot to tell you about: 4) you lose and still owe him $ Tom one really needs to be careful of the thought that my attorney can beat up their attorney.. in civil litigation you have to look at damages.. and reality of winning.. not sure what this guys attorney hourly rate is but he could find him self with a 2 to 5k attorney bill and lose which according to most responses and at least in my expeirnce he probably will based on the facts he laid out..

You’re literally losing the effective value of money.

The firemen came from the front and damaged the rest of the house with water.

after effective date, 60 days for financing contingency after effective date, and another 15 days after loan approval for closing? 

[Meaning, when you retire, you'd still get all its cash flow, even though it effectively cost you nothing!]

The problem with having separate deposits for each tenant is dividing up any fees taken out for damages etc.

Also the agency can kick out the tennant if they are acting up, destroying property or arent paying...which if thats the case, im still getting my contracted amount and they would have to fix damage. 

Have them make it effective first day of the lease.

In that sense, I'm effectively "borrowing" earning power from my retirement account to make cash flow today. 

People who forgot to take depreciation on their rentals (no effect on their tax bill and/or actually a refund) but makes no difference for a loan.