Security deposit stays on the unit, You could ask the woman to give proof of income so you know she can cover the rent on her own before signing him off.You can let one go and keep the other, its done all the time.

I am getting ready to submit an offer on a package of duplexes and am wondering what an appropriate deposit would be.

I have asked for the agreement for the tenant(they claim it is month to month), security Deposit at Closing, section 8 contact info, and what the payment history has been since the bank has owned it.

I have asked for the agreement for the tenant(they claim it is month to month), security Deposit at Closing, section 8 contact info, and what the payment history has been since the bank has owned it.

(Appraisal, home inspection, and earnest money of $500)5) Received funds back at closing( rent deposits, prorated rent for the inherited a great tenant paying $650)6) I also received the MCC tax credit: The Ohio Housing Finance Agency's (OHFA) Mortgage Tax Credit provides home buyers with a direct federal tax credit on a portion of the mortgage interest, lowering the tax liability by up to 40%.

I suggest you evict them with ample notice and return their security deposit in full as a parting gift.  

Can they come up with 2-3 months upfront deposit?

Dad isn't on lease- I am not going to support that behavior where a grown woman has her daddy involved.I plan on having a direct conversation with the three tenants on the lease to openly and responsibly address concerns.Here are my questions:In reviewing the deposit check, I noticed that her dad IS a joint on the checking account.

Auto deposits from each property are the way to go.

Once we get PML lined up (if they are willing to provide the funds), we make a cash offer on the property.1) Cash offer subject to contingencies on home inspection (for info purposes only) and clear title; quick close as the property is vacant. 2) If accepted, home inspection completed with estimates on repairs/rehab.3) Move forward with offer/rescind based on home inspection. 4) Close on property with check in full amount (minus deposit).