We are dealing with a property now that the tenant failed to meet that standard and we are assessing a fee from the security deposit to cover the expense.

(Variable rate 14% is the cap.) with only my wife’s income (115k, and social security we get for my stepdaughter, 788 a month) the only option my credit union would be able to do is 84k loan.

The article was published by The Washington Post and it highlights three important investor qualities which I summarized as thick skin, strong stomach, and knowledge.  1.Thick Skin: Beginning a real estate investing career will come with some stress and challenges that include securing reputable general contractors.

I'm trying to get together an Itemized Security Deposit Deduction Form and then maybe take them to small claims court for unpaid rent.

But I’m not entirely sure, it’s been sitting for a while  If it was me and the house would cash flow as a rental I would endeavor to secure the property thru creative mean and make the underlining payments on the loan.

As far as how you handle last months rent if she pays until re-rent Month 1, month 2 then you return last months rent because Month 2 is the last month and the security deposit minus deductions. 

You can hire a security guard, use fencing/gates with camera's and alarms or just not invest in neighborhoods that bad I guess.

He wants me to take out the six days of rent from his security deposit.

The interest expense should follow the use of the proceeds not how the debt is secured.

@Daniel D.I’d like to add that the tenant has not moved in yet but has sent the security deposit.Bonus question: can my wife’s new income (only 1 year old) be used if she was previously a home maker?