Never give them the keys until they give you the first months rent and security deposit in CASH or cashiers check.2.

In this case, you’re likely pooling money and forming a security.You really ought to talk to a securities attorney about the proper approach.Jeff

But if I can secure a house (contract) for 2-3 months i would be interested in finding a buyer just like a realtor but without paying remax and the brokerage, that's 100% of the (commission)/buyer willing to pay x amount more than contract amount. .

Some more heavy weights weigh in on Phoenix. http://www.bizjournals.com/phoenix/news/2013/02/13/another-real-estate-boom-for-phoenix.html?

Assuming he agrees do we just mutually sign a termination agreement, and I deduct damages from his security deposits and that's it?

A savings account that I use to hold security deposits (those aren't income) and a checking account for everything else.

If they cause damage intentionally or due to negligence, you can deduct the cost from their security deposit at move-out.

The SEC still has not written the rules that were supposed to be written by July 4, 2012.Your friend lending you money is probably not going to cause an issue under securities laws, but you will need to make sure you comply with the SAFE Act and any state lending laws.If you and your friend are partners (members) in an LLC, and you are both involved in the management of the business, then you probably don't have any securities issues because his membership interest would not be a security (even if he puts in most or all of the capital).

Would getting a secured credit card be a good way to start with building credit?

It's tough to know for sure if the drop in foreclosures is a result of HBoR, or just banks holding back while they watch the value of the homes secured by their bad loans rise.