On the other hand, I always get the full security deposit before they get the keys.

I don't know if there is a security deposit, whether any rent is owing to me, and who ultimately is responsible for this.

The security deposit is only $200, which I think is typical for the area/type of home (I need to verify this).

Leverage in real estate is secured with properties so if you default the creditors still get something.

The balance is due in 20 days and I didn't think that I would be able to secure a conventional mortgage in that short time.

The questions that we have are with regard to securing the loan for the rest of the deal.

However, I am also concerned about the possibility of a bank not renewing a loan and not being able to secure financing.

Put all that on paper, then decide what education you need to get there.One final thing, my mentor offered a great package deal with tons of stuff and frankly I wasn't ready to take advantage of it in the time period of the initial package (6 months).

This will be owner occupied - we intend on living in the primary house and renting out the apartment in the back.. i would just like to secure a conforming mortgage to decrease the overall costs.

Even if remains they returned the note making the DOT ineffective, it only secures the outstanding amounts owing, if you owe nothing, it secures nothing.