I can into you to our security's attorney if you'd like.You don't want to refi to add additional debt that will put you in a negative cash position.

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

How much of a security deposit do you have?

I'm sure a more modern solution like Swiftlane will come at a price, but it may save you from some headaches with building security and tenant retention.No matter what you decide, congratulations on the 8 units thats awesome! 

Hence some folks already able to secure 30YFRM below 6% this month.

@Blake Yarbrough why not have the individual loan you the down payment, secured by the property, at a rate that is more than he can make in the market or in a CD and calculate that amount into the total debt service.  

Guests book our cart through the platform and Fenderly handles the security deposit and everything else. 

Or should I talk to him and ask for additional security deposit since we received the bankruptcy letter?

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.

**Financial Security**: Being young and living in NJ, I want to build a strong financial foundation first to ensure stability before taking on more leveraged investments.This approach might be slower than the BRRRR method, but it provides peace of mind and a secure starting point for future investments.Pros and ConsPros:•Initial capital boost from flipping the first house.