While it certainly would be better to also cash flow, the objectives of many new builds are to create instant equity upon completion. 

The letter confirms the amount of security deposit and the "paid through" date for rents.

I made my deposit which of course was very easy and fast as money is going in to Federa. 

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

If someone rents before Dec. 31st for next year, even if they only put a partial deposit down now, the tax does not apply to them. 

I do two things: 1) I put specific language in my lease agreements that I need 30-days notice for early termination and 2) I also put language in the agreement that the security deposit can be kept if the renter terminates early.

With really bad credit I do require (in addition to first month and security deposit) 1/2 to a full last month's rent and/or a good honestrenter.com score.

Once you move forward with someone you have vetted and feel comfortable with co-living, you can use the message templates to inform your tenant, upload your lease for e-signing, and collect a deposit and rent.

I used furnished finder and keycheck to find tenants, screen them, and collect rent/security deposits. 

Damage is always on the tenants and comes out of their deposit.