Depending on the endeavor, your still have potential origination, closing cost, reserves of different size(deal type dependent) and other applicable fees/costs.

No, you have to use the link I put in the original post. 

Is there a potential issue if the original tenant decides to move out and leave the other adult behind?

Originally posted by @Mayer M.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Rare anyone redeems 100K house, but I can almost guarantee if you rehab it before the two years is up, someone will show up, redeem and you just remodeled their home for FREE.As far as hard money loans go typically around Houston you'll pay 2% origination fee and probably 12-14% interest for six months. 

Your form doesn't appear in the original post.2.

Originally drafted to prevent landlords from using security deposits for cleaning or repairs, the bill was amended after opposition from the California Apartment Association (CAA).Landlords will now need to photograph rental units before tenants move in, at the end of the lease, and after repairs or cleaning.

The applicant has solid credit score of 750+ and has a good household income as well.

Tips: pull your own FICO score and call the local community banks and credit unions near you and ask what rates and terms they offer with a FICO like yours.