In the case of a fireplace I would always look toward future sales of the property and preserve it in case a future buyer wanted a fireplace but I have and do have my carpenter permanently block it off with a heavy duty wood piece, usually 1/2” plywood that we then paint to match the room.

And is it ok to keep the security deposit for lost rent?

Deal with security deposit.

On the mortgage calculator, I've set to 0 the property taxes, insurance etc, and the mortgage amount actually now matches perfectly the amount generated by BiggerPocket report. 

Compared to other single families on lakes in town (there’s only two on airbnb) I could easily match and even add more amenities.

That sweep account allows all of our checking deposits/idle funds to sweep directly towards our outstanding balance, saving us a ton of interest cost.

You or both owners will probably have to give personal warranty and some lenders will pull your personal credit score while some won’t.As commercial loans are usually kept in house by the lender, each lender has its own requirement and you will have to shop around to find the lender that will match your need.

If you connect and PM me, I can share my document.Who's leaving and who's stayingDeparting tenant turns in keys and gives up all rights and responsibilitiesRemaining tenants take full responsibility for rent and the condition of the rentalSecurity deposit remains in place with you.

Good Morning BIGGERPOCKETS FAMILY:QUESTION: I am interested for a property that Asking price its 135k , 3 days inspection period and 3-5 k escrow deposit  ; i need to made this deposit  in 2 -3 days , my question its THE SELLER are asking FOR A PROOF OF FUNDS, that i need to got from a private lender or hard money or conventional loan , in this time the seller will be receive all the offers and just select one ; THE best OFFER FOR him; how i compete to be the first to secure the property????

Someone with minimal credit where you give them 2 years to build there credit..example, $2500 deposit, $1500 rent where $1000 goes toward the house and $500 to you!