Damage, to replace vinyl etc, is likely to be relatively small of 200-300 dollars.Would you fix it, and then keep the evidence to take out of their security deposit when they choose to move out, or would you confront them with the evidence, and post a bill for the amount of the work?

A small deposit is collected to secure the client on our schedule.

These publications will give you a clearer picture of what is deductible on Schedule E.3. 

It is zoned public which means only 2 things are allowed.

Also helps to have easy access to public transit and/or highway.

Absolute convinced real estate is the long term answer to financial security.

 The purchase agreement should have stipulated that rents would be prorated based on the day of closing and that the security deposits would be transferred to you, along with keys, copies of any written lease agreements, tenant payment records, the original tenant application, etc.

But does that mean I have to line up a job in that new location i find before I can secure my loan?

Take the clean up and damages from the security deposit.

The sum of cash I have Is not for the down payment but for the security of the next 6 months after the purchase.