Is this correct?  

Is that correct?  

Bolanle Ogunmakin Steve Sprowls is correct the security deposit is a tool.

That's what I understand you to say, correct?

Also, Yes you are correct that 200 days is horrible and they are probably getting angry with each other and want their inheritance money by now.My guess would be that the property is fully paid off and they have the luxury of time to wait without mortgage payments.I suspect the property is in rough shape and investors have been low balling them and they haven't dealt with reality yet.

@Sharee Mason  If I understand it right you're saying use HML for the downpayment and another lender for the rest -correct?.

Also, I actually think that when landlords try to put the repair costs on the tenants, it just ends up encouraging them NOT to fix things that are broken (or fix them correctly if the correct fix would be too expensive) which could, in turn, cause bigger problems and more expenses for you down the road. 

Now, sorry to the innocent newbies asking questions, but there are some really bad ideas and information on here, I'd rather see you learn correctly and stay away from civil suits, fines and jail.    

Prior to 5-2-16 for the last 2-3 years my name and address was correct, perfectly fine and spelled correctly.

And you are correct that it is unlikely renter's insurance would cover anything short of the tenant's personal belongings in the event of the property burning down.