IE: House Hacking - 1) Identify a 2-4 unit property I can live in and rent the other units such that net rents cover most of or exceed the mortgage payment, goal: live rent cheap-or-free; 2) Secure long-term fixed rate mortgage/debt; 3) Hold and live in the property as I focus on honing my property management systems/skills and accumulate of capital for the next deal.Step 2: Call financial institutions (local banks, I'd start with Happy State. credit unions, Frost, etc) and figure out financing options for your chosen strategies.

Even hard money loans without your home being used as security like a HELOC loan.

Forfeiture of 1 month’s amount of security deposit?

So, send/post a Notice of Quit which is the first step in the eviction process advising that the lease has expired, they have 3 days to vacate, their security deposit is at risk, and eviction will be filed immediately.  

Secondly, initially we engaged with one attorney to handle both the securities work and sale agreement and transactional activities.

Aaron Chapman at Security National Bank is awesome!

Aaron Chapman at Security National Bank is awesome!

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 think of it as job security.

A couple days after receiving the letter, one of the tenants sent me an email stating that they had no intention of following the checklist, and that in fact, they had been doing some research into NC law around security deposits, and they claim that because of a technicality, I'm not entitled to withhold any security deposit.The technicality they pointed to is that according to NC General Statute 42-50, the landlord is required to provide the name and address of the financial institution where the security deposit is being held, within 30 days of receipt of the deposit.