Now, they owe me a lot more than the security deposit (rent, bills, damages...)I saw there was a new House BIll that came through last year (2023), and added a new subsection to RCW 59.18.280 which does mention RCW 59.18.260 about the checklist requirement for the security deposit:(4) The requirements with respect to checklists and documentation that are set forth in RCW59.18.260 and this section do not apply to situations in which part or all of a security deposit is withheld by the landlord for reasons unrelated to damages to the premises, fixtures, equipment, appliances, and furnishings, such as for rent or other charges owing.This is the new "exception" (per the title of the RCW59.18.280).

The goal with this type of investment is to have your tenants pay most of the ownership cost. 

Purchase price: $350,000 Cash invested: $100,000 buy and hold, rental What made you interested in investing in this type of deal?

There are a few companies which manage these types of investment accounts and can help navigate the setup process.

Anything more than that can be done "commercially" either through a local bank/credit union or a DSCR type of loan. 

They have the expertise and equipment to handle these types of situations effectively.

If I knew then what I am learning now, I might be in a whole different situation at this point in my life.We started ours off by watching "This old house" and other real estate "hands on" type shows together.

I think it is a very good market for those types of deals, but you might not be able to get all of your money back on the refi as values seem to have gone down a little bit in most areas where people are buying BRRRR properties, such as North County. 

I was sent an Investor Agreement document to sign.

Not sure the size etc, Also make sure to stipulate a timeframe as solar would take years to negotiate - do not be shocked if the seller wants a non refundable depositThis is very common in these types of transactions.