The firm has had MHC as its top performing property type for the last year and a half and a November 2018 report described MHC as “one of the most attractive property types in both the public and private markets due to 1) a best-in-class cap-ex profile; 2) structural barriers to new supply; and 3) still-too-high nominal cap rates.”I hope this helps those considering investing in MHCs - happy to discuss further.

My experience with real estate is part personal investing in publicly traded REITs, part classes from my Finance degree, and part derivatives based from my current job.

If you feel you have a case, you can take a chance and take it out of his security deposit. 

Will the tenant forfeit the security deposit? 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?. 

I'd also require a 2 month security deposit, but that's just me.

You do have their security deposit but do not use it or tell them you will use it!

I’m really trying to secure my second investment property and the tax/landlord friendly state seems like a good idea, just as long as it’s not in the “hood”.

Since states have different requirements for credits and deductions, I'd check what KS offers..Once all this is securely in place, then I'd start looking for first deal.