You can use personal accounts for both rent and deposits, as long as they are kept separate from your parents' other finances.

@Andres Ruiz decades long debate about which lease term is better!

When you say pre-reqs, do you mean in terms of qualifying for a loan?

Sure, people do it all the time. and getting a HELOC on primary home is not terribly hard as long as you have enough equity.

Then I explain my process in brief and simple terms: background check, lease agreement, collect deposits and ask if they'd like to proceed.

So if a tenant breaches their rental agreement the landlord cannot require that the tenant immediately pay all future rent through the end of the term.

You start with logic.I am very serious that all these so called marketing experts know very little of true marketing.Marketing has to do with the medium you are marketing on and the audience you are trying to reach.As long as you understand these to items you are fine.Just learn the basics and then make the rest up yourself.

Hi Michael, You could structure the loan on shorter term so you end up paying less interest over the life of the loan.  

I currently reside in Turkey, but approximately 28 years ago, I was living in Long Island, NY.

For example, if the police came out and cited them for excessive noise at night, I would issue a lease violation warning and cite the lease term about not disturbing neighbors.