We have class A/B houses that appeal to those with security clearances and other professional incomes.

I also have more than enough reserves to comfortably stash 8 months of expenses aside in the event of vacancies.Since my investor is an older gentleman and looking to secure himself some passive income for a while, part of our private mortgage deal was that I can't refinance before 10 years, but also that I must refinance before 15 years.  

If you don't you've effectively reduced the security deposit you hold by $300.

Tenants should always have "skin in the game" namely the security deposit.

I would remind him to clean and leave the property in similar condition as move-in for his security deposit to be returned.

I need to start shopping local banks/credit unions to secure financing for my (hopefully near future) rental property purchases.

We are both fortunate enough to have secure jobs with good salaries and flexible schedules.  

The ipod nano is small enough to fit in a tool pocket that can be closed so that it's secure.  

Is a security deposit required?

The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says the private lending mortgage broker acts as escrow agent for borrower and lender to hold said Quit Claim Deed: (Escrow agent = private lending mortgage broker) with the following terms1.Borrower agrees to deliver to Escrow Agent an executed and notarized Quit Claim Deed running to Lenders for the properties2.