ALL contractors that sign up with them has to be licensed, bonded, and insured.

Or, you or the insurer could have the lien transferred to a bond removing it from the property. 

Check Fiduciary Bonds: Ensure payroll services are covered.5.

Contrast that to the bond market--the source of movement for all manner of interest rates--which frequently moves more than 8 times in any given second.In other words, the financial market is able to make its move well in advance of the Fed and that's a substantial part of the explanation for the drop in mortgage rates seen over the past year.

Gritty students succeed, and failure strengthens grit like no other crucible.”― Jessica Lahey

They are essentially risk free, as they are government bonds.

I believe that when they do move out that they will use the bond as the last months rent and I will have nothing to fall back on if there are damages.

Including this income could strengthen your application and increase your chances of securing a lower rate.

(If your project is primarily housing or incorporates housing specific funding sources, you will need to apply through the Department of Housing rather than through this program.)The funding sources that a project can receive include the Chicago Recovery Plan (CRP), Housing and Economic Development Bond (HED), Neighborhood Opportunity Fund (NOF), and Tax Increment Financing (TIF) which have all been combined into a single, streamlined grant program with unified rules and regulations.

If you like your gig and making money from it.Real Estate is first purchased as an investment.Any potential tax decrease is a plus.Comparing real estate with other investment types such as stocks / bonds, real estate will likely get you the best after tax return.