And what happens to the security deposits? 

Someone had contacted me through BP and I was able to work through them to secure the deal.

@Trevor WilcoxIn order to get a line of credit the lender will need to secure / collateralize it against existing asset(s).

Also, you should have her security deposit, so you could also use that to pay for the new lease, and tell the new landlord that you are paying it out of her security deposit.I would start by asking some probing questions to your tenant, such as, I'm considering paying for your 1st month to move out by xx date, do you have a new location picked out?

When she finally moved out the damage cost was $5500, exceeding her security deposit by $3,250.  

My goal is simple: once we secure a deal, I buy directly from the seller with cash, and you earn a fee.Are these kinds of arrangements common?

Being only a few minutes from Vail owned Jack Frost/Big Boulder secures the top spot.

Request a full handover of tenant files, maintenance records, current lease agreements, rent rolls, and security deposit information.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If you aren't securing properties at a substantial discount, you may end up maximizing the LTV, resulting in higher interest rates.