By presenting my vision for the property and emphasizing my ability to close quickly, I was able to secure favorable terms that aligned with my investment st How did you finance this deal?

By showcasing the mutual benefits of my offer, including a quick and seamless closing process, I was able to secure favorable terms that aligned with my investment goals.

However, it seems like it might be too late to secure tenants for this school year.

This could be a useful strategy if you need more time to negotiate a good price for your current property.Exploring Financing Options: Given the higher interest rates in 2024, securing financing for your replacement property can be a challenge.

No security deposit either. 

Wanted to know if it's possible to send a tenant to collections after a move out/ evictions for additional charges the security deposit didn't cover.

@Beruk LessaneworkRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Additionally, unrelated business income tax (UBIT) might apply if your property is financed.One option to consider is partnering funds from multiple accounts or other individuals to share in the investment, which may avoid the need for difficult-to-secure non-recourse financing.

Just trying to find out how to secure remaining 20% for seller

You need to look for a Securities Attorney (not a real estate attorney)As @John Sayers mentioned, you can get ownership with a GP by doing other things, like bringing the deal, asset management, data research, etc.