Insurance also doesn’t protect you from misunderstandings, especially those made in writing and email.

Thank you for not misunderstanding my previous comment. 

This eliminates misunderstandings and avoids the tenant coming back later with a challenge.

This came about as a result of multiple lessons learned early in life.Now, with that said I am in agreement with the other early contributors to this thread, regarding your deposit of the funds in a short timeframe prior to the loan processing.Additionally, you need to sweeten the tentative payment plan and not have it drag on for eternity to repay your parents.Don't assume that they have nothing better to do than lend you their hard earned money for an extended period.Put this transaction in writing, so that your feet are held to the fire and there is no misunderstanding later if it's done verbally.Lastly, on the other hand, what if they say no?

I am probably misunderstanding.

Good luck, I would be nice on this one because you wouldn't want to cause rift between you and a good management company over a simple misunderstanding. 

Please let me know if I am misunderstanding any of this as I am new to REI.

Actually, I am quite serious about the scratch tickets, where you can compute an expected value pretty easily.And you misunderstand me on the past performance.  

That's a large part of the reason why misunderstandings and landlord and tenant non-compliance with the rules are rampant.

@David Bellmont David, Maybe I'm misunderstanding you...