Since the security deposit would be paid to both Parent and Child, and the parent is just staying - what kind of special language do I use to say that the security deposit is being transferred to new lease - but in addition when it is returned it will be made payable to "parent AND child" since they both submitted it?

In the lending scenario, are they getting a trust deed and promissory note as security or just a promissory note?

BUYER will waive the termite inspection and accept the DWELLING in “as is” condition.SELLER warrants there are no unpaid utility assessments or undisclosed debts or liens, recorded or unrecorded, secured by the DWELLING and property being purchased.SELLER shall remove all personal items, furniture, food or other items that are not part of the real estate within seven (7) days after acceptance of this offer.

@Dave Foster is an expert in this.Once you have a 1031 exchange planned out, work with a good mortgage banker to analyse the scenario and make sure your funding for the next property is secure.

I hope they can leave as early as they can, but I need to keep their security deposit to fix the damage they caused to my house.

I was wondering with those property owners who are pet friendly, what do they do to secure a win-win situation??

Either way, having your husbands income will help give them security from an income standpoint and an additional guarantor.Best of luck!

Assuming rents are market and not inflated with no waiving of security deposit or first months free then net without immediate capex might be somewhere around 145,827.That would be around an 7 cap for a C property if you are evaluating properly and it's not really a D at 2,100,000.

Given that it's sovereign land, how secure is the investment?

They would secure the loan using the properties as collateral.