Junk bonds have higher rates of return but also have a higher risk of default.

I’d rather not spend more money if I have to so I don’t default on the loan.

Risk for default depends but for short term(<1 year) it can be fairly low. 

In WA state at least, my understanding based on my experience (I am not an attorney) is that if the contract is terminated prior to the expiration of Buyer's deadline to deposit the earnest money, Buyer has not defaulted by not depositing the EM because they were still within the guidelines of the contract at the time of termination. 

@Michael DembyIf you quit claim your primary residence into a single-member LLC (SMLLC) that's taxed as a "disregarded entity" by default, nothing has changed for income tax purposes. 

Also I would consult the Georgia Landlord Tenant Handbook which can be found here https://www.dca.ga.gov/sites/default/files/georgia...Typically it is 30 day notice from the tenant, 60 day notice from the landlord. 

My lease defaults to month to month.  

High association fees can be devastating to values if the association is in default with the banks or in a market crash. 

Now, obviously, if he is looking to reduce his cash flow (income) in order to incur the debt, he will have to prove to the lender (through the income/debt analysis) that he can cover the expense of the loan without risk of default. 

A direct hit to the financial sector from a wave of mortgage defaults is unlikely,” the report says.