The house looks great.I would recommend you change the ad though:"$800/Month, (first & last month to move in)"When they give you notice they won't pay the last month and you have no security deposit.

He also receives higher than average market rents by NOT taking a security deposit, thereby opening up his market to several renters who have the income, but not the savings.Will his methods work in other areas?

I've begun researching companies that handle checkbook LLC IRAs and I received some info from the Security Trust Company stating they will charge a 2k set up fee which includes setting up the LLC and handle all other costs for an annual fee of .98.

It's also been stated that the buyers are sophisticated, that they run "their own numbers" for expense assumptions, so it really doesn't matter if these expenses are included in the web site illustrations.

Thanks everyone you all make great points.I believe she is milking the situation.A point I would need to clarify with social security is if in fact they would mail the check to the landlord since we are listed for back rent on the papers she submitted or the check would come to her??

Her security deposit covered the turn-on fee.

Brad: For a resource to learn more you can go the web site for the co. that set up my SDIRA: Guidantfinancial.com

Should or can a tenant claim that the security deposit be returned (minus deduction) but with the percentage that a normal savings account acquired since it was money just sitting in the bank.Thanks

Many of these post their REO properties on their web sites, and you can deal directly with a bank employee.

(the lender will have to pay for it in advance).Sometimes there is language in the note and security instrument that allows a lender to not only collect on any and all advances (such as taxes, insurance and legal fees) but also charge interest.