Ps.I have a move-in move-out check list and plan to walk the property with them on the last day to verify the conditions before returning the security deposit. 

Let them know how their money will be secured with the property.

If the tenants are long term and the place is in good shape, I'd keep them and let them know you will be raising the rent.If you do buy with the tenants in place, make sure you get the prorated rent and their entire security deposit from the seller along with a verified copy of the lease agreement (if it was verbal, he can write it out and have them sign it to verify the details).

Security Service Federal Credit Union is hard to beat.

Perhaps a JV or partnership to secure my first deal, and then scale my business from there.Real Estate investing has struck me like nothing else has before!

We offered to allow her to just move out of her own free will, and we would just give back her security deposit (if she left it whole) as well as her prorated rent.

The speed of closing associated with funding from a HML usually allows for you to secure more of a discount from the seller.

I'm sure it might work for some folks, but for security/liability concerns with a bunch of diffrent guests all in a shared space I wouldn't want to deal with that.Mike

Currently, it is difficult for me to secure a loan because I have a fairly high debt-to-income ratio and I work at my own business which has less than 6 months of history.

Currently, it is difficult for me to secure a loan because I have a fairly high debt-to-income ratio and I work at my own business which has less than 6 months of history.