We decided not to enter into a lease with her but wanted to know if we must return all, part or none of her Security deposit?

You’re investing a lot of money and you need to ensure it’s well taken care of.Depreciation is never limited or eliminated.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention, and your dad I'm sure would be a great choice.Creating an LLC in California would cost you a minimum tax of $800 every year.

It seems there are grey areas when it comes to wholesaling in California and as I educate myself to start my business I want to ensure my sources are good.

Thank God for what you have and invest to secure your family's future... don't do this so you can blow your money on top dollar worthless items.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

However, I've never done a rooming house before and wanted to know the best way to handle security deposits and how they may be applied to damages in the future.

However, I've never done a rooming house before and wanted to know the best way to handle security deposits and how they may be applied to damages in the future.

I just told him that he was denied for not disclosing the bankruptcy and told him that he’s not allowed to stay there to prevent him from moving in and will follow up to ensure that he doesn’t.

Save up money for a down-payment to ensure you're not over-leveraged.