In Northern Indiana (Nisource), it used to be 20+ years ago (and I assume its still the case)  you would have to put a deposit down to cover the gas and electric distribution services, and you could get some credit back based on houses going into service with some assumed usage patterns.City run utilities and REMC's would have drastically different practices. 

I'm curious as to how an 18-year-old managed to pass your screening since they likely have zero credit and zero Landlord reference.

If each individual has a lease for a specific bedroom for example and they gave you adequate notice without damage, then give them their security deposit back. 

We still can t closed because sellers contractors need to finish some work (apparently due to damage from a tornado)Would I be entitled to back out or some sort of compensation ?

My credit score is 808.

My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.

However, we weren’t looking for the largest possible line of credit.

I'd repay the loan I took from my LLC and then move on to the next property.The beauty of this is it won't be a hit on my credit so my DTI won't be impacted at all and I can give myself a better interest rate than a HML would.Would a bank or lender have an issue with the source of funds used to acquire the property when I go to refinance?

Tell them you will begin advertising and screening applicants immediately, they will be responsible for all your costs associated with finding a replacement (advertising, screening credit checks etc.) and that they will be responsible for the rent up to the point in time new tenants move in.

I lived through the last credit risk of 2008-2012, lost a few nights of sleep, but I think its BEST to be prepared.