On the 1099 securities form it shows about $4k gains.

However, if anyone has recommendations on alternative methods for securing capital like private lenders, please let me know.Also, I'm in the process of learning how to underwrite through online courses, but finding rental comps for MF seems a bit more complicated than single family homes.

Does the security deposit go to the new owners at closing, and does the tenant need to sign a new lease agreement?

This will help you to communicate with the tenant regarding maintenance requests, demands for service, handling maintenance and repairs during the tenancy, what the tenant may owe during the tenancy, handling security deposits and claims, etc. 4. 

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

Our security protocols have flagged these items for fraudulent activity.

So is forming an LLC and getting an EIN to set up a business checking account to receive the security deposit and collect rent payments a good idea?

Also, you can get a loan secured on the property that you're selling? 

Leveraging Ron's local market expertise, we secured the property for $180,000.

@Jacob PalmerTaking over tenants in a duplex means you must honor lease agreements, transfer security deposits, and provide proper notice.