He just got a social security number and has signed the lease.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

I set everything up as I understood it in this thread, with the security deed to my LLC, which i am sole member. 

I've seen a lot of posts about folks not being able to secure financing on their property.

Granted, this assumes they are good.

As a hard money lender, I specialize in helping new investors secure the funding they need for their flips, focusing more on the property's potential rather than just the borrower’s experience.

How much earnest money is needed to secure the property legally?

The last tenants at one of my SFH rentals were comfortable securing the property remotely based on the photos and video tour, signed the lease electronically, and sent all move in funds to me electronically before they moved to the area.

Financing - Should we secure financing before identifying a property or vice-versa?

Remember, it doesn't need to be Grant Cardone!