Also, a reason not to accept a security deposit from a nonprofit or social service agency is because if you get into a conflict with the tenant, the organization will "advocate" for them, including legally, and may be quite absurd (and incorrect) about the level of "rights" they claim for the tenant, and this is super stressful, and also, now you have a very entitled tenant who thinks you're obligated to put up with all sorts of awful behavior- because they've been erroneously led to believe that they have excessive "rights."   

When a investor suggests they are earning XXX per month in positive cash flow they are blowing smoke.

Many advocate maintaining a solid equity position as buffer in case the market tanks. 

The bank isn't going to let you blow their money.

Based on the way the question was written, I'm guessing you and your husband blow the MAGI limits out of the water.

The bank isn't going to let you blow their money.

It's difficult here to differentiate between giving good advice and advocating mentorship programs, workshops or courses to advance your one on one activity and thus speed up the learning curve and timeline to reaching and stretching your goals.I personally have gone the journey from DIY wholesaling, flipping, seller-financing SFR and international Short Term Vacation Rental management and then arrived at commercial multifamily and self-storage real estate syndication due to the fact that it offers the maximum scalability, economy of numbers and at some point truly leads to passive, residual income and thus to time freedom and choice.Send me a colleague request to kick the tires, set up a call and get a few burning questions answered in real time, one on one. 

When someone blows so much smoke and is so quick to get nasty & personal instead of addressing the substance of the discussion.....well, such tawdry behavior reflects poorly on that person's judgment & credibility. 

It just blows your mind sometimes how you will call a banker ready to work with them and give them your business and they will not even return your phone calls. 

They made it clear that they had spoken with Pine Tree Legal (big tenant advocate) who allegedly had advised them to only pay me the old rent amount and not sign the new lease.In summary:- The tenant did not sign the new lease for July nor give me any indication that they would be leaving.- They stiffed me $200 (the difference between the old and new rent).- They claim that their verbal termination doesn't count and that they can stay until the end of September because I haven't received a written notice to terminate.How should I handle this?