A majority don't even make it 18 months from shiny new license to toes-up in the parking lot.Leaving the relative security of a 9-5 W-2 job - especially one with benefits - is a risk that should be undertaken only with a solid plan for surviving startup. 

The latter being the biggest issue, because we're able to fix immediately, and bill immediately thus leaving the security deposit in tact at move out.I just realized I read the second reply as the OP, but I can't edit it out.

Lack of social security in older age.

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.