Also, don’t just accept the first loan offer.

In competitive bidding situations, sellers are more likely to accept offers from buyers who already have pre-approval or immediate financing in place.

I'm coming at it from the finance side; I'm currently wrapping up my graduate degree in finance. 

They only accept cash.

I don't see any reason why this wouldn't be an acceptable solution.

But yes, now that we are here, maybe let him know that if things do not get up to date or cleaned up you will go to his superiors.When people are late right at the beginning, I let them know that the behavior is not acceptable and let them know there are consequences to that bad behavior. 

Ask your broker or if you have a real estate lawyer you know see if they have a generic one your state's BAR accepts.

Quote from @Kavya Veerapaneni: Hi BiggerPockets Community,I’m relocating to Danbury, CT, from Reading, PA, after accepting a new job.

Another option is to look into some funds as well that allow smaller investments. some are anywhere from 500-$10,000 minimums and accept non accredited investors (through regulation a+).If you ran numbers of a loan paying p&i at 10% but ot being able to reinvest the principal payments you realize how low your returns actually are. so yes notes are great but also understand that idle money for any investment is not fun.

That said most folks have price targets and if large complexes are conceding 1 or 2 months on the 1st year lease, itll put downward pressure on your rent to some degree.