I have the original tenants $500 deposit from 8 years ago, would you go about getting new deposits from the un documented tenants??

I had some of those checks they send that said "must be deposited before xx date".

At those sales the deposit is usually 10% cash.

You also want the following:personal property and equipment inventorycopies of all service contractsany available blueprints or surveyscopies of any equipment warrantiescopies of all leases and a rent roll ( the two should match up)list of security deposits (should match leases)list of employees and salaries (contracts if any)have all the building systems inspectedpersonally walk every unit (verify they are occupied and overall condition)I would get a phase 1 environmental for a property that large, if sellers can provide one greatThese are after you have signed a purchase agreement.

Background: I have an alert set to notify me when a deposit takes place on any day other than the first of the month.

I would likely convert it back to a duplex.I offered:- $65,000 purchase price- $5000 non refundable deposit- $700/m for 6 months and 3 month extension

For the marshalls and movers come out in move out day its $1000 deposit which gets reimbursed to you after expenses.Lucky us eh!

I offered electronic deposits to their bank account on the first of each month.

I generally will rent to almost anyone if they can produce first month, last month and a full deposit.

Sadly I already gave back their deposit before I realized.