If you are having problems getting it rented or your gut is telling you he is legit or you really want to rent to them for some other reason just get a big extra deposit.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

They've never paid me a security deposit.

We have creatively turned it into 2- 3 bedroom units each will rent for just over $1000, a 2 bedroom unit that has a deposit and will rent for $800.

Payments, Security Deposits, Late Fees, Bounced Checks, whatever involves this tenant will show up on the right hand side.

The transfer of the asset, with the sub-to note and pending tenant option deposit will also be somewhat complex and perhaps difficult under a custodian managed self-directed IRA.  

Seller wants a $10k non refundable e-deposit for each property that will be taken off of the cost.

and I still cancelled them a year after placement as they were just getting in the way and holding my money until the 10th for deposit. 90% of the value on the higher end rentals was placement.

It states that he can break the lease at any time under these conditions… 1.He forfeits all deposits2.He must pay for all costs to lease the property to a new tenant (i.e. posting fees, rental signs, etc.)3.He must pay full rent until its leased again4.He must pay ½ months rent in an early termination fee.If it comes up again I intend to offer that to him as an alternative.There are about 9 months left on the lease, not sure why he would want to lose the entire deposit to go to another location an pay a new deposit and a pet deposit.

The current tenants have put a deposit and first/last months rent down.The property manager has that money right now.