It can also be a safety issue for yourself.From your post you appeared more concerned about getting the new tenant in paying right away then taking some time to assess the condition from the last tenant to get make ready and wait to screen for the best possible tenant after the unit has been properly serviced.Sounds like they liked the idea of the credit and then moved in and saw much more items wrong with the property.

I have enough for a 3.5% DPProblem 1: I have a job but no W2 income BUT am currently switching into a W2 at the end of the monthProblem 2: Dont have the 10-20 percent DP for the property for a conventional DPProblem 3: Holding costs for Hard Money for a few months until Bank accepts my new “W2 Job” for proper mortgage financing(I am aware there will be some time for proof of consistent funds from new W2 job to getting the FHA mortgage)*And yes I know about PMI with FHAIs this a strategy that sounds reasonable or am I making a bad decision?

Screen them properly and you will not have any issues.

I would give them every opportunity to collect them, but once proper notice has been provided and you need to move forward, I would clear it with an attorney in your area, but it seems like it would be considered yours at this point.

A properly installed well should last 30+ years.

In the state of North Carolina can a tenant sue landlord for not notifying tenant with proper documentation w/valid reasoning for withholding deposit in a certain period of time?   

LLCs employing domestic staff will need proper coverage for employment liability exposures.

I have blindly bought vacant properties in the past but since I didn't do proper research I ended up over paying their worth and losing money.

Call proper insurance and CBiz for quotes.

If for some reason a handrail or something does break or an issue arises you can show that it was properly maintained