There is security in knowing you've locked in a relatively low rate for 30 years, but 30 years is a long time and who knows how your goals might change between now and then.

I would reassure the tenant that your goal is to return their entire security deposit, provided they remove all their belongings, leave on time and make their best effort at cleaning.

Spent my money on lead gen and securing my first deal.

Commercial loans can look at the income a property produces to help secure the loan. 

My thoughts were this; i knew that there would be significant restoration to get the smoke smell out so I gave the tenants back their first last and one month security so mutually break the lease as long as they could move out in 30 days.

I called security companies to see how much the would charge.

Be sure to be well covered by a security deposit or insurance policy to cover damages and default tenants. 5+ months is a LONG time to get a tenant out.

I spoke to our accountant and he said that the income from flipping would be taxed at our tax bracket and may additionally need to pay social security tax, etc.

Keep a a “large” security deposit (like 6 months of rent past move out date).

Personally o would just wait until springmost likely she will secure a job well before graduation so more likely around March