Homeowner should have an adequate policy and you can use additional damage protection from services like Safely and Waivo.Yes, security deposits are normal for MTRs and highly recommended. 

It has been my life's mission to build my own duplex, house hack it & use it to catalyze the BRRR cycle.As I get closer to breaking ground on the project, I'm still not 100% confident in it's feasibility due to the costs of land & construction considering it is mandatory to secure an appraisal 20% above build & land cost. 

Quote from @James Miller: Quote from @Chris Seveney: Quote from @Stuart Udis: @Ryan Blake These investments can be secured, or at least better secured if papered correctly.

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

I’m curious, what’s been the biggest hurdle for you when it comes to securing funding for your real estate projects?

It's in high demand so we booked in 2022 to secure our dates.

Probably more like 99.5%.I acknowledge that the commercial real estate scene is a group of business people who are much more polished, sophisticated, and high net worth (compared to residential).

I’m open to paying the $20K to bring the mortgage current, but I want to ensure my position is protected.If the deal falls through, how can I secure my $20K so I’m not left out of pocket?

I've never had an issue. we don't get security deposits or sign any leases.

Would it be a good idea to take a deposit to secure the deal until the rule clears?