Don’t make decisions based on emotions, make decisions based on numbers only.

It can also be a professional company that uses private money to do loans, and gets investors, as opposed to government secured loans.

a are a vacant house, the minute its mine I change out all locks and secure the premise.

I don't think you can use GoFundMe or Kickstarter to fund real estate investments (but I have never tried), and there are many securities laws you would need to be careful of if you went that route.Basically any asset you have a value is a way to gain access to the downpayment money.That being said, the question comes across that you are very new to real estate, specifically the various ways to finance deals.  

Congratulations on securing your first rental property—what an exciting milestone!

The Mortgagee must obtain a lease agreement of at least one year’s duration after the Mortgage is closed and evidence of the payment of the security deposit or first month’s rent.

The buyer also has the risk that the seller will sue him if such does occur and the buyer is unable to retire the note.The risk for the seller has to do with the fact that the seller is liable for a note secured by a property he no longer owns.

For the month of August 2024, they are saying that they have hardship and want me to use the money they paid as security deposit (2X rent).Legally, am I required to use security deposit towards rent when they are delinquent or can I move forward with eviction process?

What kinds of deals are you working on right now, and what challenges are you facing in securing funding?

It usually starts with a notice being posted, so get that done asap to 'start the clock'.Keep in mind you should receive their security deposit as a transfer from the previous landlord as a part of closing, so that will at least compensate you somewhat for the lost income if they haven't trashed the place and such.One other set of questions would be - do you want them to leave?