I'm going to look into those, I've never heard of them before but always interesting to see what security and tools are out there. appreciate it!

If you don't follow the process perfectly (such as by not delivering notice on time, or in the right way, or charging unfairly such as for normal wear and tear) you will be SOL and could even end up having to return the security deposit or even pay them more $ above the security deposit. 

Hi Sean, There are many programs for international buyers to secure financing. 

After negotiating, we secured the property for $135,000, which was below market value, ensuring a strong margin for resale.

I require a $1,000 security deposit, no exceptions and I let them know they will be paying all utilities, mowing the lawn, keeping up the landscaping and cleaning the gutter. 

However, after reflection, I realized I was becoming too emotionally attached to my first investment after a 15-year break and faced challenges finding reliable contractors.Update (5/17/23):After three failed contractor attempts, I finally secured a reliable one.

You are making a grave mistake by looking too far ahead right now, without capital, because that usually means you aren't focused on upgrading and securing your first asset.

Recently, I was lucky to sign a deal using an option agreement like Seller's finance, when you pay an Option fee, secure a deal for a couple of years, and do not pay the down payment.

From what I understand, it's designed to replace a traditional security deposit.

We're considering using an FHA loan, but due to his credit score, we haven't started the preapproval process yet.What steps would you recommend we take to secure funding for our first investment?