Happy Thanksgiving to all of you super grateful to get to be a part of this community and get to share the real estate adventure with everyone here! Also, Mentees: there is no Mentorship today. I'll see all of you on Monday!

I get emails from CREdaily. While it is not bad...im wondering if there is anything better? Where do you get your commercial real estate or multifamily specific news from?

Phil Uncovered a major crack in the wall. Further investigation revealed they built the load bearing wall over an OLD 15ft WELL!!! $150 of Crush Minus Gravel and some rebar and later it will be fixed but if any bodies go missing in Pittsburg... we all know where to look.

I built my legacy portfolio in Hawaii over 30 years ago. It was a long and painful process on my own while raising 3 kids. But I was able to retire early at 57. I have run a family owned Alaska Fishing Lodge for the last 10 years, which my family has owned for over 25 years. I recently married a widower and moved to Tillamook, Oregon. He wants to build a legacy for his family. I'm all in. We're both retired from W-2's. We have specific plans to own affordable multifamily properties, RV Parks and Self Storage facilities. We know we'll have more money than we could ever spend in our lifetimes. We're in it for the journey and experience. We want to provide legacy income for our children, grand-children and now great-grandchildren. We're very excited to be part of this community and look forward to not having to do this alone.

As my mind runs through all these processes and I'm looking at a rent roll, I had a thought. It makes sense to me that the security deposits would transfer to new the ownership on a sale. After all I inherit the leases so that makes sense to me. What is the best practice here? How/When is that handled? Im guessing in the closing transaction. Would love to hear from the multifamily veterans on this.