I just can't believe this is even legal.

There aren't many renters in the area, and while we all know many great renters that would give you the shirt off their backs, there is a negative stereotype about renters that exists.While there is nothing they can do legally, I like my neighbors, want to have a good relationship with them (they have my number, and would likely text me if the renters are causing havoc, for both their benefit and mine).Have any of you experienced this, or have any tips on how to "break" the news?

If two sides come to a mutual agreement that's a reasonable way to go, don't let it become a legal action.

This covers Legal, Accounting, Pest Management, etc.HOA (find out)As you can see these could easily add up to 50%.  

travel, legal fees, license, accounting fees, office supplies...this could included in your property management expense...just adding more line items. 

Therefore it is strongly encouraged to make sure you do the title search and, as best as you legally can, inspect the property so that you can make some assumptions about its condition before placing your bid. 

Should I consider legal action?

Should I consider legal action?

Hey everyone,I closed on a new property on February, the tenant sent March rent by mistake to the previous owner, who refused to send it to me, saying that this covers  the tenant's past owed rent.I have an email from the tenant stating that this amount was intended to pay March rent, so I think that the owner has no right to apply it to the previous rent owed, since it's not his money.Do you think I have grounds for taking a legal action based on the tenant email?

You're quoting the IRS instructions that have exactly zero legal weight.