Quote from @Jordan Kaylor: I'm new to real estate investing and have secured a HELOC on my existing home.  

New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.

Most work with us, some do not.Be careful also as they may tell you to keep their security deposit as last month's rent.

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

There really isn't a safe, secure way for someone to protect their interests.

With inventory expanding, it feels like there could be opportunities to secure deals, especially if the right cash flow potential is there. 

A good securities law attorney will be able to advise you, on your specific situation.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Purchase price: $1,300,000 Cash invested: $130,000 Sale price: $1,650,000 We work with an investor who purchases the house and secures a deed in his name.

If you’re considering leveraging hard money lending (HML) for this flip, it could be a strong alternative to traditional financing—especially since HML is quicker to secure and designed for investors aiming to flip properties fast.With HML, you’re typically looking at covering a significant portion of both purchase price and rehab costs, which keeps more of your cash free for other expenses or emergencies.