I absolutely collected first, last and security for my class-C rentals until NYS prohibited that practice back in 2019.Many tenants cannot manage their money properly, so this mitigates the issue of not being paid last month's rent when they need to move and the new landlord is receiving those funds they have allocated for their housing during the last month of their stay.This was also helpful to me to pre-screen who has their financial house in order and had saved for their moving costs as part of their planning.If I still could, I most definitely would - without exception.

In retrospect, some yellow flags found by the property manager during the tenant screening are now bright red flashing sirens, but the tenant showed decent credit, had a positive previous landlord reference, wrote a charming cover letter in his application, and applied through the referral of a reputable real estate agent.

We are in the process of screening a tenant which of course includes verifying rental history.

If you sold it for $75K the buyer would get a 15% return.Here is a screen shot using your calcs at a 111 month remaining term:Hope this helps!

my family helped with that one as well, they'd go look at listings when they hit the market and do a kind of a pre-screen. 

Any programmable thermostat that has the ability to lock the screen with a pass code should work.

I house hacked before it was called house hacking:) Screened my roommates like any other applicants.

Having a detailed rehab plan and experienced team is critical.Not Screening Tenants Properly:The rental phase is crucial, and bad tenants can cause property damage or miss rent payments, disrupting your cash flow.

The tenant has caused damage and broken the lease so she is going to vacate in December.

If you don't screen them, then you don't know what kind of risk they present.