We gave him till the end of the month, when I collected the keys he claims he doesn't have a forwarding address, and said I had to call to turn off the utilities-that's when I find out most were turned off due to non- payment.The big kicker, the next door neighbor is his brother AND boss.I'm so upset, we thought we had a good tenant and then we had to deal with so much BS, has anybody else had an experience like that?

They made BOLD claims which to me sound too good to be true. 

Are you aware that the city claims department in the basement of city hall has an unwritten policy to deny all claims ( much like a for profit insurance company) initially, hoping that there are very few people like me that will battle for what they are entitled.

I would refund the deposit amount in the lease - minus any claim - to the tenant and chalk up the difference to a life lesson.I am glad you circulated Estoppel Certificates to the tenants.  

Have the PR submit a claim, you collect and repair after closing. 

People claim that they "give off rediation", the "government will know when you are using electricity", and that "rates will go up".

Owner claims original price of property was 500K.I did inform the owner based on the research that I have done 500K is probably not possible.  

I was recently notified that $4500 is sitting in escrow and was never claimed by the contractor who performed the sewer lateral back in 2008. 

Typically, the interest rate is .25%-.50% higher, but then can sometimes be negotiable depending on your situation.That said, for somone just starting out  it probably makes sense to put the first few loans in their name (unless they are purchasing with a few other people) to get your choice of ammortization and the lowest rate, and quit claim it to an LLC if you decide you want an LLC as part of an asset protection strategy.  

The post talked about how you should have a business entity (lets say an LLC) and also insurance to protect your personnel assets from any claims resulting from a mishap at one of your properties.Lets create a fact pattern, bare with me.