Good idea...keep them in at $800 per month ask them to move out ASAP after semester is done.I would recommend also invoicing them each month for the delta and take the security deposit at move out covering the bridge on rent they didn't pay.

BTW: You should be able to secure residential mortgages (1-4 unit properties) from any of the Big 5 banks for <=3.0% for a 5-year term, variable rate mortgage on a 25-30 year amortization.

I had a very similar issue about 5 years ago, a shared driveway, same owner on both but only one property was secured, the shared driveway survived for use to both parcels.

Maybe the trigger is a grant deed, name change and recorded by title.

Does your social security card say not valid for employment?

It wasn't a mortgage but a business loan secured by the property.

How do you secure your funds to make sure that you can actually close?

Think about the costs that you incurred to secure this loan.

They would also get it when they get our Security Deposit return check.

Windows and doors do not get fixed or replaced, they get boarded up to secure the property.If there is any damage to the pipes all we ask for them to do is cap the lines so it won't leak if the water is turned on.Just imagine how many HUD keys are out there.