We usually crash with parents/friends, but are tired of this!!

I was always under the impression that deposits were to be held back only when other than normal wear and tear occured such as carpets being permanently stained or windows broken or sheetrock damage requiring more than a light paint touch up.What happens if a tenant challenges deposit withholding?

I just have to ask.My parents own the home I live in.

Why are you buying your parents a house?

Wow, guess parents of children pre-disposed to RE investing were not that original in name choices!

If you were born in a dump to what you would call "looser parents" and you are also, not the sharpest tool in the shed, what odds do you have?

I've dealt with many homeowners in your situation and seen the struggles parents are forced with.

[owners name], As a follow up to our phone conversation earlier today I wanted to send this email to confirm my understanding that is your desire to a) surrender the property you are currently leasing from [name of company] as of 6/30/09 b) withhold the last month’s rent and c) have 100% of your deposit returned.

Straight from HUD's web site:Title VIII of the Civil Rights Act of 1968 (Fair Housing Act), as amended, prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women, and people securing custody of children under the age of 18), and handicap (disability).There may be additional protected classes at a state or local level.

thanks rich... i'm mainly looking for rehab now but had to have collateral to get one so i figured on buying my first personal home to do this...i know i can get investors also but i also wanted to get out the parents house haha. so i can kill 2 birds