Some arbitrage operators also try to get multi-year lease terms, security deposits waived, free rent up front, and the like.

There’s definitely a lot of opportunity there, and I'm sure you'll find it both rewarding and challenging.A key part of successful fix and flip projects is securing the right funding.

@Dan Dares TMIf the "investing partners" are going to be passive, you need an SEC attorney since you are now creating a security.

You should use a state-specific lease that is clear regarding the start and end dates, the monthly rent, the fees that will be charged (ex. pets) and those that may be charged (ex late fee), the amount of the security deposit, and a clear list of rules associated with the property (no smoking inside is a big one as are rules related to parking).

Nope, too much of a security issue! 

So I was a bit nervous going into rooms with people who live and breathe multi family.I went partially for my own knowledge, and to see Scott speak, but also because BiggerPockets has officially launched our new platform, PassivePockets, this week.

This is because Mortgage backed securities are in direct competition with investors looking for "safer" investments backed by the full faith of the United States Government. 

Thanks Michael, I already figured it out and I’m officially a new Pro member

After  exhausting security deposit is sometimes less expensive  to give them a stipend to leave.

I worked in banking for years and was a Private Banker with securities licenses for a time.