Quote from @Matthew Beninate: Quote from @Sarita Scherpereel: Quote from @Seo Hui Han: You may want to consider local banks / credit unions just because many of them will require or give you more favorable terms for things like HELOC's and other line of credit products if you have a deposit account with them. 

Do you currently have enough funds to pay first month’s rent and a security deposit?

It's no guarantee but it's a good place to start.

It's no guarantee but it's a good place to start.

We didn't receive payment this month from a tenant and there was no response from them.

I also do not stop marketing unit including open houses until i have a holding deposit.  

Another nice bonus of using this as a funding source is no closing costs, big help on the front end.Obviously, if all goes relatively well, the plan would be to hold these properties as rentals and refi at some point down the road when rates on mortgages drops back down a bit, whenever that may be.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

They pay the sub by check , the sub deposits the check , pulls out cash and pays his guys in cash .

New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.