In California, the landlord needs to return your deposit minus expenses within 21 days.I would recommend any future relationships you have with a landlord be formal and any communication regarding repair requests, lease terms/agreements,  etc be in writing.

I am excited for your venture, may be in the near future we'll be able to acquire a bigger facility.

Good luck with your investing future! 

Bob, everything your listed is a red flag, people should watch out to.I don't know you personally, but you don't have any references to a brokerage of your PM company, you're trying to tell OOS investors that East Cleveland is OK to invest when it's clearly danger zone.I'm not trying to be cool - just warn people to be more careful what broker to affiliate with.Do you care to share the name of your broker who would manage properties in East Cleveland?

I've always thought about real estate investments as a future goal and I've recently started looking for my first home to purchase.

I've seen info online referring to the buyer / tenant being foreclosed on and there subsequently being an auction... do I really have to foreclose on my property and put it up for auction? 

The first year or two are going to be a grind but the work put in now will pay dividends in the future.

I believe you'll find this to be one of the finest resources available for improving your real estate smarts and skills.First off, you're referring to a "subject-to" transaction, wherein an investor purchases a property that already has underlying financing on it by leaving that financing in place.

@Nicolas A Botello JrWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

I leaned that from my lawyer who I called to refer me to an “investor friendly” attorney.