I need a few exit strategies so I want to ensure I'm not overpaying, even if it cash flows well.  

It ensures you get clear title and I wouldn't do it any other way, but my experience is extremely limited in this realm of real estate.

You'll also have to be careful about what you buy and doubly ensure your tenants are strong enough to survive the outfall.I also imagine there might be some motivated landlords eager to get out.

However, you need to ensure that the property updates are in line with the current neighborhood rents. 

Tenant shall ensure that the pet(s) shall not bite, injure or harm any individual or other pet(s), and shall not disturb others (neighbors or guests) or cause damage to the Dwelling Unit or the premises.

Insightful Crain's editorial that  recognizes the need for additional taxes to fix Chicago's debt problems and ensure the schools are strong enough to keep parents with school age Children in the City. 

Cash notes and equity notes have different collateral dispositions, cash requiring the sale of the property, equity the collateral may simply revert back to that seller and there wouldn't be any deficiency.The deposit may only apply to non-institutional notes, or again, it might just be the Trustee wanting to ensure payment. 

When we self-managed our properties in NYC we did this, and a large part of selecting our property management firm here in Raleigh was their approach to building relationships with tenants and making sure that everyone was working from the same game plan - understanding that as a tenant they are responsible for keeping things clean, paying on time, etc. and as a landlord (via our property management) we'll respect that relationship by ensuring that maintenance items are taken care of ASAP, renewals for valuable tenants will be offered without question, etc. 

I know the company i work for would be hard pressed to get everyone involved on the line to ensure we don't lose clients...I believe lenders do have to be licensed in the state of Maryland.

However, I do want to ensure I have the best deal.