It should be, at most, a starting point for your own research.1.A current rent roll dated no later than 30 days prior to the date of Seller's execution of this Letter of Intent, which rent roll lists at a minimum: the unit number, unit type, tenant name, date of lease, amount of monthly rent, amounts of any delinquencies, lease expiration date, and all security and other deposits.2.Detailed operating statements for the last two (2) calendar years, year-to-date detailed operating statements, and the Property's approved 2013 budget.3.Real estate tax bill for the last two (2) years on the Property (2011, 2012).4.Copies of any building plans and specifications and construction drawings in Seller's possession.5.Copy of Phase I, or all environmental assessments, reports, studies and tests of the Property.6.Copies of all contracts for services covering or affecting the Property.7.Copy of all engineering and related construction reports covering the Property, together with all warranties and guarantees for work performed at the Property.8.Copy of existing title policies and title commitments, including the Property's legal description and legible copies of all documents listed as exceptions and encumbrances to the title of the Property.9.Seller to provide current certificate of insurance.10.Summary of all capital improvements completed during the previous two (2) years for property.11.Copy of any government inspection reports (description and status of any violations)12.Copies of all tenant leases.13.Copies of the utility bills (electricity, water, sewer, gas, telephone and trash) of the Property for the prior 12-month period.14.Details and a list of all insurance claims (past or present) for the Property.15.Copy of the most recent appraisal.16.Copies of properties’ tax returns for 2010 and 2011.17.Copies of monthly sales tax returns for 2011, 2012 and YTD 2013.18.Copies of any capital project warranties if any.

I say x% should be less than 70% because of the extra cost and risk in gaining possession beyond a normal fix and flip.

If I were you, I would ask for the security deposits to be put in your possession.

First tenants took possession July 2014 for $1850/mo.#2) A buddy was buying turnkeys in Memphis, I thought why not, so I bought one too.

Moreover, when God gives any man wealth and possessions, and enables him to enjoy them, to accept his lot and be happy in his work - this is a gift from God."

However, I can take back possession of the unit within 6 to 7 days after eviction is filed.

I've seen many a landlord pour money into improvements and then see their investment deteriorate when they allow D class tenants possession.

I was wasn't too worried but that location, but when we took possession tonight, and pulled back the carpet (Yay, Christmas in October, Oak hardwood throughout the entire house!!!)

"Drug related criminal activity" means the illegal manufacture, sale, distribution, use, or possession with intent to manufacture, sell, distribute, or use an illegal or controlled substance.2.Shall not allow entry of anyone in violation of court protection orders3.Shall not engage in any act intended to facilitate criminal activity4.Shall not permit the dwelling unit to be used for, or to facilitate criminal activity, regardless or whether the individual engaging in such activity is a member of the household, or a guest5.Shall not permit excessive traffic or visitors (i.e. more than 3-4 drive ups or walk ups per day)6.Shall not engage in excessive drinking, public disturbances, verbal abuse, or spiteful threats7.Shall not engage in the unlawful manufacturing, selling, using, storing, keeping, or giving of an illegal or controlled substance, at any locations, whether on or near the dwelling unit premises8.Shall not grow medically-approved or other marijuana in or around the premises; Limit supply for own medical purposes per RCW 69.51A.040; Not smoke/vaporize medical marijuana anywhere in or around the premises.9.Shall not engage in any illegal activity, including prostitution, criminal street gang activity, threatening or intimidating, assault, including but not limited to the unlawful discharge of a weapon, on or near the dwelling unit premises, or any breach of the lease agreement that otherwise jeopardizes the health, safety, and welfare of the landlord, his agent, or other resident, or involving imminent or actual serious property damage.10.VIOLATION OF THE ABOVE PROVISIONS SHALL BE A VIOLATION OF THE RENTAL AGREEMENT AND CAUSE FOR IMMEDIATE TERMINATION OF TENANCY.

The big question about the title is was it lost after recording in the seller's name or was it never in their possession.