Either way, he had to makes sure with Merrill Lynch that he is qualified for the money he is withdrawing without penalty.

You can also try to find a "cash rich" Partner to help you qualify. 

Because it's an inherited tenant should should offer a completely new lease at renewal time and yes you can ask for a deposit then and if they don't have it perhaps they don't qualify as your tenant?

If he's still going to make the mortgage payments for the next 6 months until he buys her out and gives her enough money I'm assuming to be able to some how qualify for the refinance, or some other purchase, then I'd tell her to wait.The main thing is if she can't afford the mortgage now, how is she going to qualify in 6 months from now? 

I have purchased my first note, and it is about to be boarded. 

Here's my recommendations:When can your bank start using rental income from future properties to help me qualify for the loan?

He explains it very simply and easy to understand on a dry erase board.

They have no state income tax and their fees for vehicles as well as auto insurance and health insurance are extremely low.To qualify as a resident of South Dakota, one needs to go to the state, stay in a motel one night and go to the Department of Motor Vehicles the next morning.

Been lurking on these boards for quite some time and figure here is a great place to start with my first post, bringing some value..  

If they can't qualify with three of them, what do you think will happen when one of them decides to move in with her boyfriend or transfer jobs or whatever?