You can request a security deposit to cover you for such eventualities, in some states there is no maximum, in some states you have to inform the tenant/s where/how the deposit is being held.

I would also recommend finding a specific strategy/method to your investing.

What methods are you using to keep it peaceful without the clash of personality?

In the past, my client's who loan money and secure it through a mortgage have not done an official BPO.

Since then, I have joined a couple of local REIA groups and I am reading everything I can find about real estate.I am still working on my business plan, but my goal is to become a buy-and-hold investor in single-family and multi-family homes using the BRRRR method.

I prefer to be a little more conservative when running that 60 or 70 number...and do more like 55 or 65 and sometime even 50 if it a small property.This method holds true is most of the USA and most parks.

Has anyone used a similar method, or can advise if this deal might be worth the risk?

Just wanting to connect and ask if anyone has any tools, methods, techniques on getting their house sold after flipping it.

Also even if a tenant knew about the program (most don't) and was able to sneak it by you (which it would take a lot of chutzpah to try) they would be in violation of the lease and could risk eviction and would almost certainly lose the portion of their security deposit required to cover the utilities.

. - Have the funds lent to you, secured by your primary residence as a private mortgage, and it's no longer a gift.