I don't feel comfortable to wire the fund and deposit to the title company out of my area before even find out if this company is actually a legitimate operated title company.  

Hi Amir, the 60k deposit is just the starting point. 

If she wants her portion of the security deposit back just make the new tenant put the same amount up. 

Amazed at the number of people and the staggering amount of info here.

The tenant moved out at the end of June and the previous owner owe me $2274.There is not written agreement between me and the previous owner and it is one of the lessons  I learned from this issue.My attorney told that his work fee on this case will cost me much or less the same amount that the previous owner owe me.Is there anything else I can do to get my money back?

Can the $150 that I save for property management costs be paid to my LLC/S Corp so that I only pay business income tax and not the FICA taxes on that amount?

By Value, I mean that Projected Sales Price - Cost of rehab - purchase price leaves a reasonable amount of profit to make it worth it.On Auction.com, I participate in Auctions every week where I have physically gone to properties, tracked down previous owners, done all kinds of analysis to get an understanding what the rehab cost may look like. 

I was looking to pull out the Rehab cost & the Initial loan amount in the Refinance.

So I found a friend to pay half of the loan amount in rent each month.

The amount of VALUE here on BP is incredible and I am sure will be compounded by your active participation!