Adhering to fake rules of thumb will ensure that you buy crap in crap markets. 

Tenants should always have "skin in the game" namely the security deposit.

I would definitely consult with an attorney and CPA to ensure that you get what you need and want for your goals and purpose...

I would remind him to clean and leave the property in similar condition as move-in for his security deposit to be returned.

I need to start shopping local banks/credit unions to secure financing for my (hopefully near future) rental property purchases.

If so, does the agent put together a contract to ensure that my finders fee is paid beforehand?  

We are both fortunate enough to have secure jobs with good salaries and flexible schedules.  

The ipod nano is small enough to fit in a tool pocket that can be closed so that it's secure.  

- however, renting is the right option at the moment and I want to ensure that I cover my own back without coming off as over-sensitive or pushy. 

The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says the private lending mortgage broker acts as escrow agent for borrower and lender to hold said Quit Claim Deed: (Escrow agent = private lending mortgage broker) with the following terms1.Borrower agrees to deliver to Escrow Agent an executed and notarized Quit Claim Deed running to Lenders for the properties2.