Reviewing existing lease, acquiring their security deposit?

No security deposit is going to cover the potential damage that could be easily done to a granite counter top.Its not that tenants don't deserve granite counter tops.

Operating expenses include taxes, insurance, management, maintenance, vacancy, advertising, entity maintenance, legal expenses, evictions, setouts, damage done by the tenants (in excess of the security deposit), office supplies, lawsuits, utilities (at least during vacancies), capital expenses (not technically an operating expense), etc, etc, etc.

I just deposit the checks.

Now take the cash advance and deposit it into an no restrictions account.

I bid my number, rejected their full price counter, and recountered by agreeing to a 10% earnest deposit and bumping up my bid a few thou.

I had called the owner the same morning the ad in Newsday came out, but someone elsehad jumped on it and put a deposit down on the property even before the ink had dried on the ad.Here on LI, RE is very, VERY expensive and(IMHO), overpriced.

Leverage:You are being asked for a deposit.

The main issue I see here is that the contract would be in the name of the IRA.If the contract is in your personal name and the deposit comes from the IRA, I would see a major issue.

Cristian Yepez Depending on how your contract is structured, you could lose your earnest money deposit.