here’s what stated on my lease Terms: 1 Year Security Deposits: $ xxxLength of Lease Agreement: 30 day5.

Thought she was no issues as she's retired, on social security, owned a mortgage free triplex where she lives rent free and lives off the rent  Turns out she also had a pile of cash, and invested with us, and her other children a total of six properties, mainly triplexes, her favorite type.

I would worry less about this being the best deal out there and focus more on securing a solid first investment that will propel your investment career moving forward.

As I handed her this notice, she tells me of all the happenings, problems with social security, death in the family....Now I'm really wondering if I was fair enough and should I lighten up on the qualification standards.   

The initial problems started in the bond market, but were caused in large part by regulators constantly referring to mortgage backed securities as "toxic assets".

Sure you'll pay interest for on it, but to me it's worth it to have some actual security.

What I have decided is that next month if tenants are having trouble paying, I will apply their security deposit to the rent for them, and explain to them that I am taking a big risk by giving you back your deposit to cover rent, and that I hope that they will in return respect my home and the things I have provided in it extra carefully.

They had to do waiver of security deposit, half or first months free rent, rent specials for flat to no rental increases,etc.

As part of his letter to confirm the move out date, he specifically mentioned that he is waiving rights to part of the security deposit as they are breaking the lease.My tenant also helped with showing the home to prospective tenants and finally, I approved one of them after the background check and all.Now, he is coming back and saying that he spoke to a lawyer and I should return the security deposit as I rented the house to a new tenant right away.

If I understand the relationship correctly, brokers might be able to secure better rates and fees for me in general starting out, but building a relationship with a portfolio lender might open up opportunities for more flexibility on typical rules/requirements where needed on future deals.