I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.

Hello BiggerPockets community,I’m currently navigating a challenging situation and would appreciate some advice from this knowledgeable community.Property Details:Property 1: SF Detached 4 Bedroom 2.5 bath, Atlanta GA, approx 297k ValueProperty 2: SF Townhouse Atlanta GA, approx 197k ValueSituation: I have a $286,000 debt secured by these two properties.

Since loans are considered securities, most states require a security exemption, which can be prohibitively expensive.At least one state, California, automatically grants licensed CA real estate brokers an exemption without requiring them to go through the expensive registration process.  

I am curious to see what steps do you have or requirements do you put in place to ensure you are securing the right tenant? 

So, if you go out and make 1,000 calls (a whopping 4% of availability) and have secured no deals with the above strategy - come on back and I'd be happy to give you your first deal. 

If you're purchasing a new primary you can tap an FHA loan for 1-4 units with 3.5% down, if you can secure a seller concession it could limit the amount of equity needed..if not a new multi family primary you'll need a larger downpayment (15-25%) depending on the property type and occupancy.

I sent her the check for returned security deposit by certified mail to a P.O. box she provided me.

This is tough.Depends on how fuzzy you want the business/family line to be.The only thing I'd be absolutely sure of is that your money has more tangible security than being a "personal loan" EVEN IF you cut him a break on cost. 

The general rule is that if a tenant has breached the contract or is in default of payment, the landlord is not obligated to remedy.

Use a Secured Credit CardIf you have a low credit score or no credit history, consider a secured credit card.