And no one wants to feel taken advantage of.If my thinking is all wrong, you would being me a huge favor by hitting me over the head with a big inflatable hammer that squeaks.

The terms probably won't be as favorable as if you have 5+ rehabs under your belt though.

Negotiate with the seller to obtain the most favorable sale and note terms for you. 

If one comes to an open house and starts acting like they would be doing you a favor by selecting your house, it's time to choose another tenant.

So it's very important that you have an understanding of your creative financing options so that you as the buyer or seller and not the other party can use the correct or best way to structure the deal.My lessons favors the buyer and will first point out their best approach and secondly the sellers approach.

I would like to know if I can use the deposit to address the mice issue and have a legal precedence in my favor.

The low rate was a personal favor to someone I know, and after one year the rent will go back to 1300 and stay there.If I'm doing this analysis correctly, I believe I'm projecting a negative net cash flow.

It seems to me that there may be something else out there that may be a better fit for you at this point, though granted, I don't know your personal circumstances (wife, kids, etc.)From my perspective, it seems that if you don't have the cash to put down on something, then you have few options other than moving and getting favorable down payment terms.

Any recommendations of local banks favorable to real estate investors?

A tenant that just disappears without doing any damage is doing you a favor.