SECURITY: Security Deposit or Landlord Tenant Agreement is acceptable as collateral.

I sublease instead of writing a new lease because I have lost some control in the process in that the new tenant B must be acceptable to the remaining tenant so I must keep that in mind during the process. 

I have a limit of two free range critters.If you do decide to accept that one, I hope they charge a hefty pet fee!

And it got accepted!

Just because they can't file bankruptcy for a long time doesn't mean they are going to pay all their bills and live responsibly.I will accept a discharged bankruptcy after they've show two years of responsibility AND if they pay a significantly higher deposit.

I agree though that not pricing the house/apt out of the neighborhood standard is an acceptable approach in a neighborhood where lower rent would be the standard.

They say that once they pay commissions and closing costs, they don't want to accept a price in which they'll "lose" (chuckles slightly).

@Marlon Long it also could be that you asking price is the only one where investors could get a sensible return compare to most of the folks who thinks 3%-5% is acceptable return and jack up the price as such. 

In a reasonably short time, you'll get a much better sense of what's acceptable work and what isn't before you give the go-ahead to paint.

What a Broker is in Wisconsin: (2)“Broker" means any person not excluded by sub. (3), who does any of the following:(a) For another person, and for commission, money, or other thing of value, negotiates or offers or attempts to negotiate, whether directly or indirectly, a sale, exchange, purchase, or rental of, or the granting or acceptance of an option to sell, exchange, purchase, or rent, an interest or estate in real estate, a time share, or a business or its goodwill, inventory, or fixtures, whether or not the business includes real property.