Bad judgements on any of the 3 applicants means they need to pay additional security deposit for this risk on one of the applicants. 

I would go a step further and actually call the current offerings and get details - security deposits, who pays utilities, application fees, what's their process for viewing and applying, etc. 

So investing becomes more about money to keep up with inflation or close to it and have in a safe place tax advantaged where the investor does nothing but get a check deposited each month into their account. 

Purchase Price $ 549,000.00 Deposit (year 1) due 1/1/2023 $ 55,000.00 Deposit (year 2) due 1/1/2024 $ 55,000.00 Loan Term/Amort - 24 months/ 180 months - interest paid* $ 37,044.00 *50% towards purchase price Total cash to seller by 1/1/2025 $ 586,044.00 Terms 24 month / 180 amortization @ 7.5% interest with 10% down.

Robert,As the saying goes - "cash is king"If you have the capital to make all cash offers and can close quickly, then you will have an advantage over other real estate investors that have to make their offer contingent upon financing.I've had lower offers accepted over other RE investors by offering all cash, quick close, no contingencies, and by offering a significant earnest money deposit.

Called the landlord and said, you violated the terms of your owner responsibilities and the lease is terminated, send them the deposit back or face further action.Scum bags even tried arguing with me, can you imagine tenants right out of there!

But the rules have changed.I thought I could just finance the whole deal with hard money but I've heard those guys have disappeared and now the new hard money guys want some deposits and good credit...

If there are rental agreements, the tenants might have copies.Then if they say there is a security deposit, the wife will need to come up with that money, or provide evidence to the contrary.

so i have a section 8 tenant in one of my rentals. she is a good tenant. about a month after she moved in we had the plumbers come out and roto rooter the main line leaving the house. i didnt mind. the cause for this instance could have been anyones, not to mention it hadnt been cleaned out in a few years. no biggie. 5 months later i needed to call out the plumber again. this time the main cause of the plug was someone was flushing down those sanitary wipes, which are not biodegradable. this is purely the tenants fault obviously. bill totalled $300+. she has no way of paying this as she stated. housing authority has her locked in for 2 years from begining of the rental contract. i dont necessarily wanna give her the boot, but this is a business. my real question is: she wants me to take it out of her deposit, then she claims she will replenish the deposit once tax time comes around, around feb- march 2013. is this legal for me to do?

James CollinsAnother thing to think about: assuming she forms four LLCs with three houses per LLC, she's going to need to form four new bank accounts, possibly eight if the state mandates a separate account for security deposits.