I put a excessive use clause for water in my lease since we pay it. 

I can understand how we could be confused since his language wasn't consistent.To the OP, if you can indeed save up $2M in excess earnings over 5 years, that's kicking butt!

Judges have been known to give back entire security deposits plus damages which is typically triple the amount of the deposit when the landlord doesn't account for it in a timely fashion - even if they were due the entire amount because of excessive damage.

So I says to the guy.. don't you think 90k is a little excessive for a wholesale double escrow fee.. just got a bunch of double talk..

.$2800 a year seems excessive, although a roof could eat up a large chunk of that. 

I have handled transactions in excess of 10M and have worked with many investors right here on BP.

Sometimes these closings can drag in, while the delinquent taxes keep building up and up.This kind of clause might give you a little extra predictability in the numbers (anything in excess of said amount would simply be paid from the sellers proceeds).Food for thought anyway.

He should have then issued a 1099-MISC "giving" the rents to the old landlord; however, he should have deducted any excess costs for repairs and such before making those payments as to limit the increase in YOUR costs.Also in many places it is illegal to have a side deal set up with a seller.

Its good to consult an attorney on how to organize your assets and entites, but $1800 per LLC seems highly excessive.

I can sell the excess (about 25,000 squ/ft) for about 20% (.50-.60/squ/ft) of what Lowes sells it for.