This seems like a Down Payment Assistance like grant...We would have to figure out the terms of the Habitat grant. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

In most cases, you'll need both the security deposit and the first month's rent, AND in a lot of cases (lender specific), the lease will need to be supported by the 1007/appraisal (even though Fannie says "Or").

Even when you're not closing deals

I've been investing for a few years now but have been in tech even longer.

@Margaret Dreesen1) You typically cannot use the SD to cover damages while the tenant is still living in the property w/o the tenant's written approval.2) Even if tenant agrees, not a sound business strategy as now you have nothing to cover possible damages when tenant moves out.3) Filing a claim on your own insurance is also business-foolish, as now your claim will track you in the insurance world for about 5-7 years and if you have another claim - may lead to cancellation or spike in premiums.4) Tenant is 100% responsible for the damages!

And even then, they don't use huge amounts of water.

CFTB review of 1031 exchanges - California Franchise Tax Board is even more diligent than the IRS when it comes to scrutinizing 1031 exchanges. 

How are the application of the lawsHere in Houston, you can even go down another level and take into consideration the specific judge for the court precinct to consider if they're landlord friendly.We have judges here providing legal advice on how to appeal etc. 

They wash up very nice, don't fade and look great, even after 7 years of use.We have at least 4 per bed and just swap them around as needed.We wash them, like @John Underwood, about once a month or so or as needed.