I guess the first questions are 'what management software are you using?'

Apply the security deposit to whatever is damaged.

You will need to secure the hard money.

Then, I would never accept anything other than CASH for the entire security deposit and first month's rent.

Your loanwould be secured by this real estate.

After a stunning collapse on Friday (close to a 50% fall) due to exposure in shaky securities linked to subprime mortgages, it was reported today that Bear Stearns, one of the Big 5 Investment Banks, will be acquired by a dismal $2.00/share by JPMorgan Chase.The deal prices the bank at an almost unimaginable $236 million dollars.

After all the nonsense private lenders dealt the past 5-7 years with second position and being cut out of their money on the shortsale....this security makes them much more comfortable.

How about management, advertising, entity maintenance, insurance, evictions, setouts, legal fees, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), capital expenses (not technically an operating expense), etc, etc, etc?

That woman is on social security, on section 8, and uses food stamps.

A 5% return PER MONTH is pretty decent and if the only thing you are worried about is PV (i.e. your investment is secured somehow) I wouldn't move it at all...