Is there any risk with paying rent in advance? For example, what if the house gets foreclosed on? Will I get kicked out and lose the remaining rent I paid?
Sure there is some risk. But if the house does not have a NOD when you move in, chances are that you are safe for 6 months. It typically takes at least that long from an initial NOD to completion of foreclosure. Make sure you have a lease agreement and that the 6 months in advance is documented via receipt, in case the owner has to or chooses to sell.
