Quote from @Rob Williams: Hi everyone,I’m looking for advice on effective ways to connect with private investors locally interested in senior living land development.

Yeah if you choose more security over less work, then having multiple accounts seems to be the way to go. 

Advertising an illegal, non-conforming basement for rent, whether publicly or privately, out right violates local laws. 

Is the lender a bank/credit union or hard/private money?

Financed by securing debt on a different asset in our portfolio where we could get the best terms given the rising rate environment.

Negotiations focused on highlighting the quick closing capabilities of Partner Driven, securing a competitive price of $605,000 and ensuring the deal’s success despite the highly competitive market.

But be carefull , again,  they are dificult to finance or obtain a loan , usually private loans are more expensive and they have higher interest rates . hope this help!

He is correct that you NEVER take the security for last month's rent for that exact reason.

I was able to lock in private money to purchase the first of the two properties with plans of doing a BRRRR.

If you’re concerned about the cash income, you could consider additional safeguards, like a higher security deposit or using a guarantor.