A quick Google search should get you headed in the right direction.

Make sure to address the security deposit transfer. 

If you do accept the applicant, I would certainly charge pet rent as well as a pet deposit that will hopefully cover the damage.

What I ask is that anyone who can offer the same type of detail on Buy and Hold properties to please reach out to me and to possibly mentor me through the process.Thank you BP forum in advance for you assistanceCarmine Costantini process.I want to thank the BP forum in advance for your input and direction.

If I take your option do I have to give deposit and first months rent back immediately or can I hold everything until they get all their crap out of the place?

I would like to speak with someone regarding current market trends and a valuation of my rental in current condition vs rehabbed condition.I also would like to chat with any other investors in the area and hear their opinion on the current market and direction and as-is sale vs rehabbed.Thank you,James 

Needless to say, I messed a lot of things up.Some things I know for next time:-make sure to include security deposits credit and prorated rent credit in the purchase contract-make sure to keep all addendums that may be needed saved on computer for quick access-get all the necessary documentation for rehab funding from the contractor before going into contract on the property (my lender needed his insurance, workers comp, experience, etc. and I was not able to get rehab funded in the loan because the contractor would not send this to me and it was too late for me to find another contractor)-check that title has gotten the documents correct before they are sent over to the seller-take pictures of the house during the walkthrough for insurance purposes-check for flood zone early on -give yourself a realistic timeline for closing-check reviews on title company before choosing oneDoes anyone else have any recommendations? 

There was an oil boom in the region that directly impacted the real estate.

To answer your question more directly - I think you can as long as you meet the minimum heat requirements... 

Motivated sellers sometimes tend to “forget” about a lien or a judgement or two, so it’s always wise to do both a tital search and setup an escrow company to facilitate the payments directly to the mortgage company if there is one.