Hello all,My name is Johnny Johnson i am a Newburgh when it comes to real estate investing nutninam willing to learn. Without going into my life story my family home is now paid off and we are looking to invest using ...

You can read the actual statute for yourself or read the pertinent paragraphs below:(d) The landlord shall, within 45 days after the date that the tenant vacates the dwelling unit or within 7 days after the date that the tenant provides notice of termination of the rental agreement pursuant to Section 5-12-110(g), return to the tenant the security deposit or any balance thereof and the required interest thereon; provided, however, that the landlord may deduct from such security deposit or interest due thereon for the following:(1) any unpaid rent which has not been validly withheld or deducted pursuant to state or federal law or local ordinance; and(2) a reasonable amount necessary to repair any damage caused to the premises by the tenant or any person under the tenant’s control or on the premises with the tenant’s consent, reasonable wear and tear excluded.

Hi Guys,My little introduction I am investing in real estate from last 5 years started with rentals. as of now hold 15 rentals units (all 1-4) here in California and Ohio. this is the first time I am trying to invest in a small apartment complex. trying to do for a long time but never seen an opportunity where numbers make sense. but this one seems to be decent cash flow. and also there is some value-add. 

My little introduction I am investing in real estate from last 5 years started with rentals. as of now hold 15 rentals units (all 1-4) here in California and Ohio. this is the first time I am trying to invest in a small apartment complex. trying to do for a long time but never seen an opportunity where numbers make sense. but this one seems to be decent cash flow. and also there is some value-add.

A term lease will place the tenant in control.Send out the new leases with your letter of introduction including your contact information, and where/how they are to pay rent.

I am happy to make an introduction. 

Thank you @Kevin Romines for the introduction.

I was just a bit confused because of this paragraph from the IRS:https://www.irs.gov/taxtopics/tc701Qualifying for the ExclusionIn general, to qualify for the exclusion, you must meet both the ownership test and the use test.

I can make some introductions for you to folks who can meet your parameters. 

Hello, My name is Umang, I am an entrepreneur and real estate investor in the Princeton NJ area. I own a real estate investing company and have investing experience with rentals since June 2016. I currently own 8 sing...