I am reviewing my HUD statement and last 9 months taxes, security deposit for both sides, and prorated rent is in 200 section and is being applied to the loan which I am taking.My questions.

I am buying two duplex's which are currently rented, what is the rule or law when dealing with security deposits? 

If material is supplied, make certain it is all secured and on site when needed.

Did you secure financing, payed with cash, partnership?

I buy and sell notes secured by real estate...I would have never learned about this side of the business had it not been for BP.

In the state of Florida is it legal to ask applicants for date of birth and social security number?

The reason you don’t want to call the most important (or preferred) banks first is that you’re going to use all the first phone calls as a learning process so you can get your pitch down and sound like you know what you’re talking about by the time you reach the banks you really care about.There’s a reason it’s difficult to secure loans.

Rents and security deposits should always and can akways be dealt with outside of closing specifically so they don't mingle with and cloud the 1031 proceeds.  

If not for the good of all, at least for your safety and security.

When this happens, insurance costs increase and it is often difficult for a condo association to secure reasonable insurance rates.