This way if they do not pay, you can give them 30 days notice and take the security deposit to cover delinquent rent.   

We offered the full asking price but made sure that we have enough time to do our due diligence and secure financing.

Since they are on the hook until May, should I just use their security deposit to get house into renting shape?

Do I have any reason to return the security deposit / any defense if I choose not to?

style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: inherit; vertical-align: baseline; position: relative; overflow: hidden; height: 360px;">Hey everyone!

To be someone who just raises capital requires securities licenses and a lot of compliance.

I will be the financial backer using my liquidity to secure financing on projects and my partner will be the boots on the ground/operations person.

(Included in my HOA dues)*2 year deal - at the end of 12 months, rent goes to $1,900.   1st month+  $2100 security deposit.  

Last month I purchased 2508 Ashley Rose Terrace in Henderson for $525k and tested a $2,995 rent rate and secured a quality tenant at this higher rent rate.

I'm sure there are a variety, but it seems like the biggest reason why is to have security, or be debt free.