He is correct that you NEVER take the security for last month's rent for that exact reason.

Do we get an attorney to write this up for us?

Also what would you estimate for architect fee for 1 acre lot with utilities on-site and for 8k to 9k sft retail strip.  

I wrote the above for informational purposes.

@Aaron Gordon  we did the student rentals down here in Narragansett for  a long time and the more accurate screening was getting the major.

Highlight nearby conveniences and any neighborhood growth to attract interest.Focus on framing the size as a bonus that buyers get more space and value for their money compared to smaller homes.

Arvand- Thanks for taking the time to read and respond to my post.

@Benoy Varghese When I take over a property I send a letter to the existing tenants introducing myself and telling them where to send rent and provide the necessary information regarding my policy for dealing with maintenance issues.

Our property management company wants to sell 3 apartment blocks for us approximate value 2m maybe slightly more, can we ask them to accept 4% sales commission?

mario,  correct on the math.Now for sure you need to rehab it.