@Maria Mccarthy in Michigan, a landlord is released from giving a tenant a breakdown of charges against their security deposit if the tenant fails to abide by Michigan statute and give their forwarding address within 4 days.So, you legally don't owe the tenant an explanation or response.If you want to take the tenant to small claims court for the damages that exceeded the security deposit, you will need their current address to have them served.So, you might play a game with the tenant and tell them you need their current address to "move forward" regarding their security deposit and damages (do not mention amounts!).

Now is a great time to re-lease if needed.

They are insisting they would rather be released from the lease without penalty and it wouldn't be "fair" to have to break the lease to the terms. 

As years pass, the total amount will slowly declineOn a side note, its worth mentioning that using BTC historical performance as a reference is like testing a new drug on 100 people before releasing it to the general public for use.

The insurance might no pay for this.I would release the tenant and encourage them to move elsewhere (abiding by whatever state laws apply).

Rip the bandage off, take your lumps and get a qualified tenant when you re-lease.

He just released a short book that will answer most of your questions.

With this method and some luck, you will have working capital within hours.And if the local authorities do stop you, you still will be relatively young when you are released.

If you want to bundle them and treat it like 6 units and get a blanket commercial loan on them then use an LLC (Side note look over the provisions for a partial release in case you want to sell 1 of the places).  

Agree with you now that second tranche of regs were released Single Family Residence is a fine investment.