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?

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

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

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

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

And what happens to the security deposits? 

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.

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?

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

Just make sure the contracts are solid and everyone is on the same page.Would love to hear if anyone else has faced this challenge and how you managed to secure your EMD without upfront funds.