I agree loss of the entire deposit is unjustified.  

That is a fact and it is understandable that the landlord would want to protect the tenants and his investment from unnecessary intrusion until a deal with a good buyer is in hand.  

My first purchase was a condo back in 2007, after everything crashed we had to sell at an extreme loss and just finished licking our wounds.

Ask for their loss & mitigation dept maybe?  

However, the flat roof has been leaking for 6-12 months and the apartment is a loss.  

I deal with these issues alot. loss of job =chance to buy coverage from any of the insurance companies. there are alternatives to that such as religious based alternatives which are actually affordable. look up ACA alternatives and you should be able to find them.

Vacancy: not sure what to put hereThis is what I'm not sure of with my 1st year ratios:Cap rate: 13.04% (I divided the purchase price by NOI) Now of course my NOI didn't factor in vacancy loss because I wasn't sure how to do that.GRM: 5.51 (I divided the purchase price by the GSI)Return on Equity(yr 1): 36%COC: 70% (isn't this rather high?)

The war Bush has gotten us into is propably the most expensive and unnecessary war of our generation.

You may feel warm and cuddled, but when the reality of huge financial losses becomes apparent, your feelings might change.The truth is that the vast majority of newbies fail in any business.

As far as an LLC goes, it is a pass through entity in which the entity shows no profit or loss, rather it passes all profits/losses onto the owner's or managing partner's personal tax returns.