Note that there is no stipulation regarding damages to Tenant or indemnifying Landlord from damages incase Landlord does not deliver possession.

IE tenant does 50 dollar worth of damage.. landlord gets their back bowed up.. and next thing you know over 50 bucks they have a 2k vacancy..

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

He was also able to recoup some of the damages done by the tenants as well. 

You also mentioned they were problem tenants so is there any deposit left after other damages or missed rent.  

You want some out so you can make the updates needed and then rent them out at market rates.2) Refinance so you can get the big ticket items taken care of before leaky roofs and failing gutters make the damage even worse.3) Double check your information on water costs.

I’m a new investor and I’ve spent the good part of 2022 combing the mls breathing in untold amounts of mold, putting offers, getting inspections to find more structural damage raising total investment to more than the arv.

Be sure to write an incident report while the details are fresh, including date and time, what the tenant stated, etc. and get photos of any "damage" from the downstairs neighbor.

My question is this - if the previous landlord never did a move-in form and the tenancy has been passed down through a fraternity for 5+ years, what’s my obligation to prove the damages occurred during this current group’s tenancy?

I checked the attic and and there is water damage from a 2 year old roof!