You need a securities license to sell securities.

While off market deals may be your ideal scenario in securing an investment - lets discuss ways in which i can also possibly make that happen for you.Personal Standpoint - Wholesalers -  i would be interested in investing outside my region should there be an opportunity in fix and flip or BRRRR.

In addition to the management fee and interest, you may encounter several other costs when securing a private loan.

But I am open to it if I can use the security deposit to replace the carpet (not sure to what extent it is legal).I was thinking of getting landlord rental protection from Zillow to cover pet costs but my premium will probably shoot up since the place is carpeted.Would love your thoughts on this dilemma!

Each loan type will also have a number of fees that you will need topay to secure the funding (eg. you will be paying the broker for commercial,whereas the lender pays the broker in residential financing).My best recommendation is to talk with alocal commercial mortgage broker specializing inmultifamily lending.

Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).  

One to hold all the security deposits and the other for collecting rent and paying your bills.

@Reesey Ann - To this point, you might want to invest in some security measures to ensure this does not happen again.

We plan to go all out in the next 10 years to try and secure our financial freedom and possibly begin flipping full time.

Typically, you’ll need a promissory note (outlining the loan terms, interest rate, repayment schedule, etc.) and either a deed of trust or mortgage to secure your interest in the property.