I decided to break it down and share the REAL costs and not just estimates.A lot of the work was screwing down and fixing the subfloor as well as completely screwing and securing the ceiling sheetrock.

Yes, you can deduct the 8 days rent from the security deposit.

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

Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

I completely agree with the importance of securing a good W2 job, living below my means, and investing in real estate early on.

I'm not sure you are seeing what is going on with Just cause evictions, maximum of 1 month security, etc.DM me if you want to discuss any of this more.

I have multiple lenders that can secure your refinance for this property. 

We have a modest security deposit collected up front along with 1st month's rent and the cleaning fee.

We’re trying to secure coverage for our LLC to protect against situations like missed disclosures during a sale, professional negligence that may affect a future buyer, etc.

But you don’t need a new lease to make a security deposit amendment, that’s just a one page amendment.