Should have kept his security deposit.

One way to get some credit will be to go to a local credit union (or bank, but I'm credit unions for this kind of transaction) and get a secured credit card. 

You can get detailed agreements and try to enforce via a security deposit.

I’m going to take option 1 and leave them to secure my target rent rate and provide a value over other rentals in the area.Thanks again everyone.

Reversion applies to security deeds that have not been foreclosed within seven years after the debt secured by the deed matures.

hey everyone I recently purchased a 4 unit building in Indiana and one tenant moved out two days after I closed on the property. this individual has a one year lease and only stayed 4 months before leaving. i am fine with them leaving but am I obligated to give him his security deposit back?

Redact SSNs and EINs for security and submit those to the lender. 

I know I need to give him back his security deposit minus any repairs within 21 days after he leaves, but is there anything else I need to beware of? 

I plan on getting into buy and holds so I'm looking for a job that will help me gain the skills needed for general renovations, as well as providing w2 income to help secure a loan.

I'd recommend Jared Kuehn at First Security, John Horner at Opportunity Bank, and Kellie Carter at Stockmans.