Terrible heat wave here in SoCal.

(don't worry I didn't' pay a dime over appraisal LOL)I moved here for economics, I personally expect home trends to increase for a few years with normal hiccups along the way, I'm riding the wave upwards.

I hear it is a new coming wave for using term rentals to use vs a long term tenant!

You want to ride the wave and flip for a good amount for time before the market starts to settle.

So we decided to write an agreement letter explaining we will use the $1000 of deposit towards the last months rent to help her move and we would wave the $50 pet fee if she met the following conditions:1.

Ideally in the perfect world, I'd be able to finance this lot over the next 5 years and pay it off faster than that hopefully.If I could wave a magic wand, I'd have someone lend me $50,000 for anywhere from 2-5 years in length for a fixed interest rate.Hope this all helps!

I'd wave the screening fee. if they meet everything except income criteria,, then ask for additional security deposit.. paid over 30 to 60 days.. 

Your doing an FHA loan but buying it pretty well so you will have some level of equity to ride this Nashville wave for the next 5-7 years.  

This is already being done where they rent parking spaces in the city, so it's just a matter how to construct the lease terms IMO.If you think that shady, I hope your not charging your tenants late fees or evicting them for non-payment.From time to time you have tenants that don't care about late fees, no matter how steep they are, but if they know their car could get impounded... that's a lot of incentive.Just because a lease gives you a right, it does not mean you have to inforce it, just wave it around so everyone knows.

There are some who think a new wave of crack down on this type of activity might come but we haven't seen it yet.