If so, make sure agreement is in writing, signed by both parties, specifies new end date and ensures any existing security deposit will still be dealt with properly per landlord/tenant laws, and I'd also ask for a partial payment to be issued at signing to make obtaining his new place easier.  

For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes all property types and price ranges.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).

Rent is rent, deposit is deposit, and I suggest keeping it that way.

If you get a deed on a rented property are you then on the hook for security deposit, etc?

Just download all your transactions monthly to excel and just code them there (rental income, security deposit, insurance, taxes, and etc).

Same goes with kitchen ware: matching cups, plates, silverware, etc.  

I did just close on a sub to that also matches my view of a ramp up into 2021 stressed owners due to covid job loss / stress selling their house to me 4 weeks ago sub to, my costs:  $2k to the seller 1.5k closing costs...

Many lenders will require a 12 month lease to be in place along with the security deposit and first month rent collected. 

I've read that I should open a business savings and checking at a local institution - particularly for the security deposits.  

@Carl Rowles we screen all tenants exactly the same, but know several of our local competitors cut corners to attract more S8 applicants - waiving application fees, security deposits, etc.You can try to weed out applicants that have poor "house maintenance" skills by doing surprise zoom calls and asking them to show you their kitchen, bathroom and another room.