@Grayson Gist,When it comes to security deposits, the burden of proof is on the landlord to show what the property was like when they moved in, and damage is past normal wear and tear.   

We are still strongly considering this one.

We are based in the bayside suburbs of Melbourne. 

For example for my sister in law we charge a 10 percent monthly fee for a 4plex, no leaseup fees even though the renter gets charged a 200 admin fee so we are making 360 a month.

I see you are a pro member so wear those calculators out and post them up for review if you have questions.

The good news is we are now getting along.The biggest problem I am to blame in how I handled tenant change over. 

Hello everyone,I saw an AD that was in my email with Biggerpockets (Finance Of America) I called and got a rep when we asked for his NMLS# he told me that he is an employee of FACo Umbrella Commercial Lending N.O.O and his NMLS# only reflects his previous employment at a bank, and Commercial lending does not require a NMLSThey do loans for fix and flips, buy and holds.I want to make sure of who we are dealing with.

We are very willing to walk/pay the tax ($210K of proceeds) as it looks like they don’t want to do 100% of the repair requests.

We are ok right now we handle it ourselves.

We are looking to purchase a Commercial Multi-Use Property...Which is better to use Land Contract or Seller Financing?