And where do you think you can get rents.We've been able to secure 80% loan to cost on these types of deals with a credit union recently. 6% is a good rate, but I would see if you can shop around the LTVGood luckGino

State/local are determined by your state of residence, not the state the property securing a loan you hold, or property you own is located in.  

Should I have them pay right now or out of security deposit whenever they move out? 

Also, is he entitled to the security deposit (minus any repair expenses)?

If they want a security alarm, they pay for it (not really an issue here). 

I like to rent to people with security clearances for my properties in NOVA. 

If you want to proceed, please gather these few documents, and email them over to me.Photo ID: Please provide a clear copy of your valid photo identification.Proof of Social Security Number: Documentation confirming your Social Security Number.Homeowner Insurance Declaration Page: Is the cover letter with your policy number and coverage amounts.

As a new note flipper and new note investor, I've gotten my 1st note flip deal under contract yesterday w/ my note buying instructor & mentor Donna Bauer that is secured by a property in TX.

We have $2100 security deposit, however she also skipped out on her last month’s rent and PM did nothing.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.