I think Michigan's intent is along consumer protection lines.

I am actively reading sites like this and visiting the library and consuming various real estate investing books.

Am I required to keep and track her security deposit forever or is there some statute of limitations whereby she forfeits the right to the funds?

Office Max for an ink cartridge that actually WORKED, the post office to pick up a package, some crap gas station to pay a crap sum for crap overpriced food, hours jawing on my phone with more people than I care to remember, listening to a client demand last minute changes to showings that took forever to set up......just another day that started at 5:30 am and still hasn't ended.Then I heard a screech and a thud.

Why would you expect someone to take their time to educate you on a very sophisticated and time-consuming endeavor without getting compensated for it?

Even if it only consumes a puny amount of electric power for the items not within your unit.

The electric meter was bypassed so that the power company would not notice the huge amount of power being consumed by the growing lights.Anyway, they had broken a hole through the basement concrete foundation near the electric meter.

Of course, stay in the habit of paying the balance in full monthly and don't give in to buying consumer items you can't afford to pay with cash.Also, I'd stay away from department store cards as time and time again different "experts" have said that creditors can frown upon that.

Most of the requirements are incorprated to avoid -- Investors ( and some crooks) taking advantage or cheating on Consumers ( First time home buyers) -- so called mortgage fruad.

Now, in the back of my mind I am thinking..Hum...I put in about 5k in supplies over the last 3 years and about 100hrs of labor to keep this thing maintained to the highest standards, and I pay 1/2 the taxes every year, and you want to keep it forever??