There are some that charge 2x a months rent for the security deposit.

RyanYeah....Don't do that...I doubt it is legal to do that in many places but sure as heck not in Tenant-achusetts.You can't even charge an application fee (Some people work around this with different terminology).Good rule of thumb around here is anything that might benefit you and is common sense is probably a violation of tenant-landlord law

And thus usually the subordinate lender charges higher rate because of higher risk.You may go to your town or county to ask for details.

It (the new rules) are to allow for longer grace periods so borrowers (remember not everyone is a professional REI) a greater chance to understand and be able to make informed decisions on things like charges involved. 

What are the pros/cons of the following:Owners home: FMV $200k, owes $130k, house is in decent shape.Owner loses job, can't afford to stay, going into foreclosure.I buy the house from him at what he owes and allow them to stay for 1 year NO CHARGE to them.13th month, the rent begins at $1k (FMV) per month.

What I am also finding is that when you want the insured property to be owned by an LLC, many/most insurance carriers will also charge you a much higher rate.

I don't really want to redo the entire document since there are a few damage issues that would already be charges on the old documents and that seems a little messy.I'm curious how other people handle this, or if I could run afoul by asking residents to do something like this.

In fact, I'd love to hear directly from anyone who is not totally elated with our training, and our company for any reason other than that we are charging money for the value we bring and they were hoping we'd give it away for free.  

Many of these gurus charge $40K for a few weeks of education.  

Once you've found a direction that you're comfortable with, charge straight ahead.Best of luck, and let me know if there is anything I can do to help.