Cabinets are in place, and overall the fixtures are not terrible (maybe have to replace some door handles and things of that nature).

What is the best procedure for taking the money from the deposit?  

Based on some of the threads on here, it seems like quite a few of those who have tried some sort of direct mailing feel like they either shot an 'air ball' or totally missed something.I would like to know what sort of response rate most of you are getting and the nature and source of the list.It seems the absentee owner list tend to have the worst response rate or has that been your experience? 

These questions could be decided by a jury.Legal questions are determined by a judge, such as evidentiary and procedural issues.If there are no issues of fact to be decided, you can file a "motion for summary judgment," which states that there are no such questions to be decided.

TIA What is the nature of the list and its quality?

There are some guidelines to follow in order for "vacation property" to qualify in an exchange as replacement property:According to Revenue Procedure 2008-16 - The purchase of a vacation property or a second home will qualify as replacement property in a tax-deferred exchange transaction if the following safe harbor requirements are met: The subject property is owned and held by the investor for at least 24 months immediately following the 1031 Exchange ("qualifying use period"); andThe subject property was rented at fair market rental rates to other people for at least 14 days (or more) during each of the following two (2) years; andThe investor limits his or her personal use and enjoyment of the property to not more than 14 days during each of the following two (2) years, or ten percent (10%) of the number of days that the subject property was actually rented out to other people during each of the following two (2) years. 

Sometimes the tellers just aren't aware of the procedure for having tenants deposit cash into a landlord's account. 

Even without that, an LOI is not an offer, and a 70 unit is not a SFR  most agents play with and then uses and standard procedures are different.  

It becomes second nature after the first deal.

Natural light is the best thing for a room.FYI - We cleaned up our garage floor with a strong solvent/cleaner years ago (sorry don't remember what we used, but got it at Home Depot) and it worked fine.