I am closing on a single family home cash purchase on the 16th of July, I borrowed the cash from my father in law and he asked to get a promissory note added at closing.The title company (chosen by the seller) will not add the promissory note at closing, the seller will not change the title company.I have spoken to a local title company asking if they can create a deed of trust after I have closed on the property and they told me no it's not possible.Any suggestions of how this can be done I am in Michigan, my father in law is just wanting some kind of security for the loan.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I'd also ask for a higher security deposit, but otherwise would probably consider renting to them.

Our group is having a virtual session with Ryan Diagle who is going to do a live walk through of a popular underwriting spreadsheet which is widely used in the multifamily space.

Security deposit needs to be returned minus deductions.

Oregon and Portland had very flat  rent rates for at least a decade then exploded.. all that did was lead to state wide rent controlI think folks need to be cognizant of this as we move forward..

Tons of practical advice from marketing, screening, dealing with lease violations, evictions, inspections, security deposits, and more.

I would send his security deposit to last known address via certified mail.

I plan to get an additional checking account for the property, with a sub account for security deposits.

Great part is she will almost certainly screw up the whole bidding war idea...that works best if you get the wide exposure a broker gives you and if you price it competitively to begin with.