Check the number of days you have to return any deposits too!

The previous owner did not have/give up security deposits.

Now tenant is suing for security deposit because of the charges I applied to security deposit.

Although I would clarify that by saying you can only take out half of your VESTED balance, meaning if your husband is not fully vested (usually a 5 year employment period) and your husbands company has made contributions (matching/bonuses) then you will only be able to take 50% of your VESTED balance out up to $50,000.  

It depends on the type of property you are buying and the loan size.If it is a smaller type loan then usually local banks will want the business where the property sits as they have a local presence and understand the area.Also your local bank in California might be interest in funding it as they already have an established relationship with you and deposits etc. whereas a bank might just be looking at the property itself and not the borrower relationship to do the loan. 

I went through several banks and credit unions before finding a bank with a decent interest rate and matching their pre-approval qualifications.

Calvin- if you buyer closes with the tenant still in the property, it is their responsibility to get them out AND refund any deposit due when they do.

If she does her screening properly a typical deposit and 1 months rent should do fine..

I'm assuming our best path (all things being equal) is to mortgage our current house to raise this deposit of say 30% and to have 2 mortgages.

Have your non-refundable earnest $ deposit made payable to the county to pay the taxes.