Be aware of state usury laws and consider collateralizing the loan for security.

Breezeway allows us to easily organize all photos by room and generate a downloadable document for reference.Once a tenant moves out, we follow the same process to document the property's condition and determine if any amount needs to be withheld from the security deposit.Additionally, we require new tenants to complete and return a move-in inspection document within 3 days of moving in.

I am not an S8 expert but was just sent the link by one my borrowers.  

He collected first/last/security payments prior to move in date and was never heard from again.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

My team is also well connected to this sector of the industry allowing us to be experts in Land listings as well as have access to numerous Off-Market Listings.

How are they coming up with a security deposit and a months rent and moving costs for a new apartment?

You'd need to show the income on your tax returns and/or have a lease and first month's rent/security deposit for the unit you were living in.

My front is similar with packages delivered most days and being very confident if delivered to the front door that they are very secure.  

Not mentioned, is recognition of other opportunities that a well-secured note may provide strategically, if placed well.