Second, with you living there to determine if you can afford the remaining expense amount with your current income.As far as the private mortgage insurance (PMI) it is required if you have less than 20% equity in the property.  

Does anyone have a suggestion on what I should do to secure long-term financing?

The current tenants did pay her a Security Deposit of $600 and last month's rent of $600.  

Do I draft up a sub-lease and have them have a security deposit and what not just like any other rentals?

You may also try Steve Snyder a private lender.

Some private lenders will let you get by with a BPO (Broker Price Opinion) provided by a real estate broker.  

I'm a bit confused about the legality/difference between what is considered private funding and what is considered a syndication.  

Hello All - I'm an architect in Austin, TX working on raising capital to fund construction on a mixed-use project my office is developing/ designing/ building, and I'd greatly appreciate input on effectively raising c...

Strong blue market community with two private Universities.

Also if we do reason with them and are  able to get them to terminate the lease how do we redustribute the security deposit?