Hi Thomas,So your questions are not very clear.

I knew I was in the clear as per the contract terms.After a couple of days, the seller said he will replace the furnaces at his own expense.

(We'll end the lease when a new tenant is in place)I've been doing lots of googling, but the answers I've found aren't very clear. 

I make sure that the Security Deposit and Last Month Rent requests are clearly distinguished.

I even tried to cut my losses and told him to keep 7k for a half days work of demo and return the other 8k.

In Denver for example the Montbello sub-market which is typified by low clear, poorly loaded undesirable properties experienced a resurgence after amendment 64 was past.

I understand that these people don't want to waste their time over "hypothetical" questions like "if I were to buy at X and do Y, how much can you finance for Z..." but I do feel it's important for me to understand the full process and get a clear picture of what to expect a few months from now when I try to refinance one of these properties.Any suggestions/advice would be greatly appreciated.

You can cut your postage cost down to less than $0.28/piece if you mail at least 200 equal pieces.

They were able to get the title cleared and said I'm ready for closing.

Hire a lawyer to assist in the purchase and to review the HOA financials and regulations pertaining to investors.Buy with minimum down/maximum leverage if you hope to gain true positive cash flow.Dead equity and HOA fees will seriously cut into your cash flow and turn the investment into a liability.