The standard security deposit there is one month's rent and that's what I've always charged my tenant.

There are other threads on cross-border accounting on BP that also give some recommendations of accountants that others use for their cross-border investing.I would strongly recommend consulting an business attorney knowledgeable in cross-border entity creation as well that can help guide you regarding the pros and cons of operating as an entity.Business trips are absolutely tax deductible as long as the expenses are reasonable (see Amanda Han's recent book - it's a good primer on real estate taxes).

Interest for both notes is standard for market..

Bottom line is it's better to cut your losses and move on.You can deduct the cost for pest control from the security deposit because that is clearly damage caused by the tenant.

Plus you need to see the comps from the MLS,if any from a good real estate agent to determine what the property is worth now and after you make repairs and improvements.Equity is determined by the amount of money owed to the bank and what another person is willing to pay for it today in " As Is" condition.Get a good contractor to walk the property with you to determined the current physical condition and what it would take to repair and decorate it to modern standards and bring it to its full After Repair Value.

@Shanequa J.Chris Mason  Even if its deemed a breach the damage is done... and you would spend a ton of dough getting this in front of a trier of fact.IN our Oregon standard forms any disputes must go to meditation.. so maybe that's the next step but you will still spend about 5k on mediation.you can also make a claim against the against E and O  that would be a proper step as well. and if he works for a brokerage I would be all over the supervising broker.

The only reason some gets paid under the table is to avoid paying taxes, and since you're going to be deducting these expenses from your taxes (or capitalizing depending on the project) it makes a great deal more sense to not pay "under the table".

Jessica Hood  the year sounds like a moot point.. but I would want to double check that if this is a FHA backed loan the year I believe is still the standard.   

The C.A.R. forms are standardized and accepted throughout the state; they have already been reviewed/approved by attorneys and have been determined to be legal; real estate agents, attorneys and judges are already familiar with them; and some (most) brokers probably require their agents to use the standard C.A.R. forms when engaging in real estate transactions.Whether it's the "best" lease, well that depends on what you need. 

if socouple things.1. have realtor write it up on their standard forms.2. go to the local office depot and look at the forms you can buy there that are generic.