It was just a book I ran across at the public library in my hometown in 1993.I read that book cover-to-cover.

Having been involved with the paying public for many, many years now, late fees do nothing for the person that's inclined to pay late.

I’d like to finance the property to someone who maybe can’t qualify for a conventional loan and secure a loan for them at slightly above or at the market interest rate.Does anyone know how to go about doing this from a legal/underwriting perspective?

If you have a security deposit, that's your bargaining chip.

The tenants’ security deposits should transfer to the new owner (you in this case) because you’ll ultimately be responsible for returning them to the tenants when they move out.

Should I just keep the security deposit as last months rent and let it go?

I've ordered new security lights and will get those up, hopefully before new people move in, and will likely install cameras as well (perhaps not if I put the fence up).

They even said they would let us secure a tenet in there before we owed then the 90 grand.

.), you should require a nonrefundable earnest money deposit.Having the buyer furnish an nonrefundable earnest money deposit secures your position in making a profit.

I’ve been looking more in Sussex county due to lower taxes and closer to public transportation into NYC.