., pay 3% on deposits), lend at 6%, be on the golf course by 3:00.As a borrower, none of this really affects you.

It also doesn't really matter, the reason could be because the brother of the borrower was the State AG and new loan guarantors stepped up to reinstate the loan and opening a $10M deposit from the run off of a some non-profit political campaign fund, no telling, but you can be assured banks don't just walk away from money.Your concern is to locate the owner and the amount of liens, past actions that have been cancelled are irrelevant. :)

Some my see the security deposits as an assistance recouping there investment. just curious.

You could also create a larger planter in the front yard by eliminating a lot of the grass (maintenance), edging the new space with pavers that match your trim and planting some low maint. low water use species that would add color to the place.

He also wants 50K as a down payment or security deposit in order to agree to the seller financed deal.

I would not accept the first month's rent and deposit by check, but after that, it's usually OK.

To simplify the puzzle at tax time, is it a typical practice to designate a new bank acct. to be used only for property-related transactions such as collected rent, security deposits, purchases for rehab and maintenance, etc.?

I received my first distribution and it matched the 10.5% predicated cash on cash return.

It may be different in Indiana, but I would suggest you get multiple "bids" from brokers interested in helping you sell.If you feel that this broker is a good match for your needs and that having someone maintain the property while it is listed is worth paying 8% of the sale price, then go for it.

If you let them off the lease be sure that you make it clear that settling up the deposit with the departing party is their responsibility.