I might suggest offering a hard deposit at contract acceptance with an additional deposit to be made at the end of the due diligence period.

It would be something I am interested in doing namely because after a year, she will have paid an additional month's rent (26 payments/2 = 13).However, just wondering if having 14 days payments in a lease will make it more difficult to proceed with an eviction process?

In addition, I hope you got the deposit when you closed, otherwise you owe it to her in accordance with your lease.

Don't get me wrong, I do trust my lender but I just wanted to bounce the idea off of some additional folks to gain perspective. 

I have an LLC in PA for my rental property and just formed an LLC in New Jersey using the same name and same EIN.  My question is do I need to have a separate bank account for my LLC in New Jersey?  If so, what is the...

Let me know if you need any additional help or would like to discuss some properties specifically.

I'll sell him the house for $305K he can get financed, plus I will carry a contract for an additional 15K. 

where it gets you is if you pre sell.. and lumber is going up monthly.. you end up eating it.. 

Yes, clean your credit, but also keep saving v Remember that your lender will want to see six months of PITI (principal, interests, taxes, and insurance) in your reserves in addition to your down payment.

So, lately I've been looking HARD at purchasing an additional property to flip, but am also very interested in finding another rental if the opportunity presents itself.