Then do we apply the security deposit to damages and rent owed (lease specifically states we can) and send a bill for the remainder?

That said, there isn't a TON of inventory and most of what is available is typically in the 8-12 unit range in a higher risk area.As for neighborhoods, I'd prefer not to post too much publicly as the area is rather geographically large and it's hard to get to specific.

Specifically Kern, Tulare, and Fresno Counties. 

Hi Cameron, I think a great place to start is to go to the REI meet ups, there are a bunch of them in the area and you can choose the ones that are not product specific (some include demos of software products or courses).

Specifically Avon, Brownsburg, and Plainfield.

Feel free to share numbers if you want some specific feedback.Good Luck!

They will usually lower their price when properties do not sell in a specific time interval. 

Thanks for the input applying note investing to this situation.I'll pass all this info along to the friend in this specific situation to let him do as he sees fit. 

I think the typical renter insurance liability amount is $100,000 but you could simply take out the line that asks for a specific number to make things a little more simple. 

I started with a state specific lease from EZLandLordForms.com - so you can check there to see if the lease meets your needs.