A forbearance is not a permanent change in the payment amount (or any note term) it is temporary and at the end of the term obligations go back to what the note stipulates.  

Since owner occupant financing is usually more favorable than investor financing, there will be general stipulations in the loan documents about occupancy terms. 

John,Both parties have to be in agreement and should sign a legal well drafted document releasing the other, stipulating terms of the security deposit reimbursement.

Stipulation agreement signed by both of us and the judge.  

Are there any stipulations about it being listed? 

With a 401k loan, however, while the borrowed money won't be appreciating (or depreciating for the matter) in the market, it will be getting the interest that you pay yourself, rather than some other finance company.I'm sure there is a factor that I'm not considering, but seeing as the OP is probably going to get a loan anyway, I think that a 401k loan might be one of the best avenues, with the stipulation that he considers his occupation within the company very secure.

Dan,Great tips on adding those stipulations to the lease, searching the forums for the background check websites, and for calling a property management company to get accurate rent price.  

I'd be willing to fix everything up, satisfy the DIHLR stipulation and even have my property manager get a solid tenant in place for a few dollars more :)  I highly suggest looking in the Janesville/Beloit area, I'd also recommend a property manager if you are further than a 30 minute drive, they are well worth the $50/mo.

@Dick Rosen@Max Tanenbaum @Jeremy PaceYes, my lease stipulates that any money paid first goes to any fees, then to utilities, and lastly to rent.

Many of them have some extra space for you to add in lease stipulations, not sure about your state.