@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.

Securing financing is often one of the biggest challenges new real estate investors face.

I am a realtor, investor and own a construction company located in College Station, Texas (home of Texas A&M.) 

It’s astounding how many fake documents are circulating today—you can find everything from fake references and stolen Social Security numbers to falsified income documents.To combat this, we rely on tools like Plaid, Verifast, and Snappt, which are excellent for verifying financial information and detecting fraudulent activity.

Also, important to confirm they will be warrantable condos for end buyers otherwise it will be very difficult for end buyers to secure financing and thus purchase the units. 

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

experience: I’m on my 3rd flipage: early 40sday job: brand and web design/development retirement savings: noneI want to learn about buy and hold to secure having SOMETHING for retirement!

Focus on buying properties in good locations that will attract high value tenants.

location of your QI really isn't a factor. 

While they offer great general advice, they can't speak to our market, or the potential of a property located in Scottsdale can provide if held.