Thank you to everyone who chimed in, this has been SUPER helpful.I've been able to negotiate returning half of the deposit with the tenant so I am going to bite the bullet and pay that out of my own pocket.Going forward, I'll remember this as a lesson to make sure this is covered (I'll definitely be buying more properties in the future).Thanks again!

We are looking to get into residential for the foreseeable future and I understand each city/area is specific to itself.

I went to a couple of local workshops and decided that buying and flipping was too big of a place for me to begin (maybe in the future, I'm not ruling anything out).

In the future, any similar situation, hire someone else to do the work, show the Tenant the receipt, deduct the amount from the security deposit.

Marines do not start thinking about their future until they get out; that's why i mentor my guys to think bigger and bolder !

Podcast listener here, hoping to get some advice.

Bought a house just outside of Denver 2 years ago, have $198k left on the loan and have a good 60-80k in equity, according to a handful of real estate "website estima...

Conventional is easier on the property.203(k) gives you the ability to roll future value into the initial loan by including construction cost.The downside is that you can’t do any of the work yourself and it must all be done by a single GC normally.

So it might be hard to calculate your future payments if you were seeking to "buy and hold" properties. 

I would like to continue to invest with this person on future deals.  

Well you see...many many people asked me how the heck I got this deal as everyone wanted to buy up these (town) houses as apparently they are gold mines I am now told.Well my silly muffins... ranking one on google will get you these deals!