We ask them the basic questions about their income on the phone and if they say they have the deposit, rent and 3 months of bank statements and rent receipts then we will make an appointment to show them the rental unit.We manage about 140 rental units at different locations and we do not do credit or background checks.

As far as deposits go, let's say about 50-90k was recorded deposit on the last 6 months.

Would the three other roommates (not renewing) have to give consent (in form of writing) for the Landlord to use the original security deposit for this "transfer lease"? 

Now we are asking them to deposit remaining rehab money against principal.

The reason the Markets have gone up for 9 years is because the Fed guaranteed the Banks would survive with Zero Interest loans and printing endless amounts of Money to Buy all of the excess Government Bonds or our Debt.

(allowing me to just get started w/o spending endless time analyzing how to buy the house, because I don't want it, i want experience and karma.)

The purpose of the Refi is to get you ALL your Deposit back (for the "Repeat")!

Imagine our surprise when a former tenant who owes about $1200 in damages beyond what her security deposit covered contacted us asking about setting up a payment plan to repay!

Maybe they can send you the check and you can do a mobile deposit from your cell?

At BP, the possibilities are always endless.