In her mind you can use the deposit to cover her rent for August and she will save her money so she can use it as a downpayment on the next unit.If you tell her you don't intend to renew at the end of the lease, she will pay August rent but she won't pay September rent.Let's pretend she pays August rent on the 8th.

It really comes down to how much you have saved and how much you'd like to keep in the bank vs pay out each month. 

Pinch your pennies and save until you have enough money to fund your own deal.

So I've been trying to figure out ways to save this house as my mother worked very hard to purchase it.

We are in our mid 20s, we have a combined student loan dept of $80,000, have $10,000 saved up, and are approved for a $120,000 loan.

I don't know why choose to stay in something that makes 8% so they can save taxes today that they are going to pay taxes on in the future (when they are in a higher bracket).

It is already gutted so at best, I can do minimal restoration instead of high quality materials to save some money from loss (this was supposed to be a flip).

Now both of us are working so we might just be able to make it and take care of other expenses but our monthly savings will plummet. 

Some consistent areas of cost savings were the flooring and plumbing.

It has paid us back 5 times our initial investment in income tax savings alone.