Although, with the state of the Real Estate market with very little inventory, they will be renting until they can secure a property to purchase.

Yes he is paid for the month, but your time limit for the security deposit doesn't start until he surrenders possession because if he has not surrendered possession than he could theoretically come in and damage the place.

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 secured two loans within the past 9 months on small MHPs, with rates of 4.5 to 5.25%.  

So that is how they prefer to operate when securing properties. 

When the market is hot it is hard to adjust what we think a house is worth vs what it is currently worth as we base it on the history.I'd rather own than rent as it gives me more security. 

I have a line of credit lined up secured by a family rental property.

Your Mother could give your Father a $365,000 note secured by Trust Deed in exchange for a Quit Claim Deed transferring his ownership to your Mother.

Original ValueBecause the account is secured by an investment property or two to four-unit principal residence, it may be eligible for PMI cancellation if (1) the current value of the property is at least equal to its original value, (2) the LTV has reached 65% of the property’s original value, and (3) the current value of the property is verified by a broker price opinion (“BPO”) that is ordered, and directly received, by Home Point.

I would be ready to have supporting data as to the necessity of them and be sure to include exterior cameras as well, not only in the common drive/entry area, but along the rear permeameter as well- otherwise it seems as if spying on the interior might be miscommunicated as the goal, and if truly for security, you would be covering all points of entry without exterior cameras along all exterior walls.