Thanks for the responses and in advance for any other thoughts that BP folks may want to contribute.

Security Deposits from Tenants -outside of the Landlord's requirements,Surety Requirements of various types, and even Up-Front "equity contribution " requirements in order for new members( purchasers) to gain approval are more and more common!!

Hi everyone,My name is Dave and I am just starting out in real estate investing.The forums here look to be a goldmine of information that I hope to take advantage of and maybe be able to contribute at some point in the future.I am currently looking into multi-family housing with some partners as well as having just bought a new house.The current internal debate I have is whether to keep the old house(paid off) and rent it out or sell the old place and pay off the new one potentially freeing up more money for multi-family properties.ThanksDave

I'm used to managing my own properties and being within driving distance.Anyhow, I look forward to participating and thanks for all your contributions!

That idea, takes you out of the project, you removed your capital contribution, you no longer have a monetary interest.

Roofing costs are one thing I know little about, so I need to do some more research...There are lots of things that contribute to the cost of a roof, so don't go by "normal."

As to the contract, they may buy as agreed but they usually are not allowed the same equity contribution for loan purposes.

Later as you build up your reserves - you can start to increase the amount you contribute towards a property and still maintain a solid reserve amount.

Since we have not contributed to any wear and tear on the gate (vacant lot), is this legal?

.~ Words can't express the gratitude I feel to everyone who has contributed.