If it's a wholesale deal then once you find the end buyer, their funds would cover the initial deposit.

You can deduct that amount from the deposit and refund the remainder.

If you’re concerned about the cash income, you could consider additional safeguards, like a higher security deposit or using a guarantor.

These self employed 2nd mtg's are typically based on alternative method of caluclation like profit and loss statements if you're self employed or the last 12 months of bank statement deposits using a formula to derive an income from these deposits (like 50% of all annual rolling 12 calendar month deposits X 50% /12 months = monthly income).

Worst case deposit money at each bank and earn.  

At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

Since then she’s hired a lawyer because she felt that it’s unfair that shes only getting 30 days notice. she supposed to move out on the 26th of November she wants him to use the security deposit as last month rent but my friend runs the risk of the place being trashed if he does accept this will he still be able to fight for more money if the place does end up trashed and is there anything he can do to fight her to get the last months rent 

People like to ridicule what they don't understand, but when the government inflates the dollar away, or taxes whats hiding in your safe deposit box, or we do a bank bail-in like Cyprus did, THEN maybe some people will bother to read a few articles and learn about Bitcoin.   

I also intend to owner occupyI was thinking if there is a small studio or even a garage within the four plex ,that should cover the IRA part and the rent from that studio/garage can be accounted and deposited directly into the IRA account please advisethanksFollowing - I'm based in the Easy Bay.  

Heck go to the casino and put it on roulette wheel of black or red.