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. 

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.

That you can secure CONTROL and MONITIZATION of a property via a fractional capital outlay vs it's market value, better known as a down payment.     

Partner effectively, focus on securing your first deal, and build savings and credit.

@Joe Si With a $10M net worth and the goal of early retirement, a balanced allocation could be 40-50% stocks for growth, 25-35% real estate for stable income and appreciation, and 20-25% fixed income (bonds) for security. 

My current focus is on securing my first deal under contract using PropStream & Off-Market strategies I am eager to connect with experienced investors who can provide insights or advice to help me navigate the early stages of my real estate journey.

Changing the locks and adding security to the home, to ensure he does not vandalize or damage the property.

When we bought we were able to secure a 3.5% rate, put 20% down, $30k in renovations.

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?

Hi @Sanya WuNot sure if there is a way to verify payment history but I would also ask about the security deposit and make sure that gets transferred to you during closing!