Until now, I always advised my clients and tenants that the last month of rent has to be paid in full and the deposit, which we hold in a separate, interest baring account, will be returned to the tenant with interest or have a portion applied towards damages created by the tenants with a full, detailed explanation and copy of a contractor invoice.As you can see, if an owner deviates even a bit from this law, or if the owner used the deposit and did not keep it in a separate checking account, then the tenant can get the equivalent of two months of security deposit and attorney fees.This article was written by an attorney that specializes in representing tenants.

The existing property appears to be currently valued at mid-$500k range.

I know how to handle the mortgage aspect ( private seller carry back and double true value) but it appears we have a very bad actor in AU... let me know and I will hit you off line.

The units are a little out dated, but otherwise appear to be in decent shape. 

This usually is the result of public complaint at getting 50 to 200 mailing pieces, when they appear on the notice of default (or lis pendens) list. 

Just completed some research and it appears there are a few more that do not require a license to Manage Residential Real Estate Properties:Idaho, Kansas, Maine, Maryland, Massachusetts and VermontFlorida, however, does require a license...so if that's where you reside then you may have some form of recourse available...consult a Real Estate Attorney in your local.Good learning post...thanks for the new-found knowledge!

Too flag someone in your post you need to use shift-2 and then start to type their name and their name should appear at the bottom of the reply box and click it.

Well, it would appear that the general consensus of the BP populous says that I need to stop by here and introduce myself…so, hello there!

I see many ways of increasing our loan bandwidth and project total in general, but none of them appear to be wise from a risk management perspective.  

There are no leaks in the roof, however, it appears to be about 15 years old.