I haven't totally formulated what the consequences will be, but I'm leaning towards complete forfeiture of the security deposit PLUS they would be responsible for any repairs and/or rent exceeding that until the place is rented by a new tenant.Using security deposit for repairs:  Most definitely! 

We have a started gathering information on properties and formulating our own decisions on potential deals or no deals.We look forward to all the great information here in this site and on this web board from all the seasoned Pro's.Todd and MichelleTMR Endeavors

I have formulated one, but would like to get one that is tried and true by an experienced investor, not a Realtor form.- Am going to a REI club meeting on Friday - will probably meet people who can advise me.

I have even gone as far as to formulate and assign numeric values to such things as one side of vinyl on a house vs. brick in more than one zip code in my area or the number value of Laminate vs.

This is more than enough to get started and despite him bringing up the idea I am finding it difficult to formulate a good presentation to get him to commit.

I think it really depends on the formulation of the business plan I develop and how I best allocate my time.

I know it takes time to formulate well thought out replies and everyone gave me a lot to think about.

Hi @Jon Klaus It's hard to believe that Austin's run-up can continue, and I have spent quite a bit of time trying to formulate an opinion.

Therefore I would love to get in contact with many of you who have provided input on this and get your take on my current situation and what I am beginning to formulate in my mind.I’ll try to message you all individually sometime this week:)

@Tim Budrick,Connect with me and let's chat privately.There aren't enough numbers here for me to formulate possible solutions.