Before you are allowed to see an offering structured as a 506(c), securities regulations require that an advisor determine your suitability for an investment, disclose investment risks and give you a chance to ask questions.  

Or can I hang onto it until (a) his lease officially ends; or (b) until I find a new tenant?  

Do you have any advice for me to prepare me for the conversation to secure this deal and not get talked up by the realtor?

The security deposit is not rent.

Hi @Namal BurmanMy name is Adam King, and while there is no official flow chart as every deal is different, There is an order of operations that I follow whenever I am looking for investment properties.

Today, we secured contracts for two of our new construction homes in Palm Bay, FL.

This situation has unexpectedly complicated matters, and I am unsure of the best course of action moving forward.One suggestion I've received is to secure construction financing from an alternative source and forego the construction funds from the hard money lender.

It won't really matter until you try to secure another loan based on what you're going after.

Negotiations were conducted swiftly, allowing us to secure the property for $165,000.

Did you get the security deposit from the wholesaler?