@Ron Kelley Find out what the policy is for tenant security deposits.

Diego, if you can, I would go see a Legal Aid attorney and see if they can help you recover your Security Deposit based on tenant/landlord law in your State.

I do have his full security deposit of $630 that was transferred to me from the previous owner.This is my first rodeo and I'm not sure how to proceed.

Be sure you get credit for the security deposit at/before you close.You're right on the lease.

Make sure the cash flow is secure with high quality tenants.Eliminate all personal debts.Secure your personal income streams (work / education / skill development) for yourself and your family.Leave yourself a cash emergency fund that can cover a year's worth of all personal and real estate expenses.These first few properties should be completely paid off.

The site is:www.therealalliance.comThey appear to have everything you need to get started readily available for you to utilize and maximize your deals including virtual assistants and software to keep your team informed and on the same page.Any and all feedback is welcomed.

I would love to hold properties in perpetuity, but given my grandparents and their parents, are no longer here, the prospect is doubtful.I'm one of these numbers driven geeks - 2.5 decades in software development and design may play a part - and, as such, all our properties were modelled prior to acquisition.

They want the anchor to give them the security to affect an area.

I've incurred some expenses with inspections, rental business license, some repair work done, and installed a security system. 

I've been reading the mass.gov literature and have pretty much decided not to mess with security deposits if I can help it.