In fact, I went ahead and became a realtor to make it easier to find the right property.

Yes we applied for the HELOC then got pre-approved, and went ahead and used the HELOC for down payment.

Then tell them that since they informed you of this ahead of time you are offering them the courtesy of not charging them any lease breaking fees and return their deposit if they move out by the end of the month and leave the rental in good condition.

On the 5th of the month, put that quit or pay notice on the door, open so everyone can read it!

@Alexander Churchill I have worked with some property management companies that are willing to not hold the security fee but most will want to at least get the go ahead to fix things under X dollars. 

Thank you from ahead. 

If you’re like me it’s late after the 5th and 3 day notices go out on the same day and evictions are filed each day of the same month if needed to.Typically they pay the first full month up front, then on the second month they pay the prorated month from when they moved in

For example, I run a delinquency report on the same date every month and whoever is late gets their pay or quit notices all in the same run.

One thing I've noticed is that the turnover rate within the first year for RE agents is very high.

@Daniel SmithAfter giving us the backstory, I was about to agree with you and say go ahead, until @Amy Beth put out her logic.