Make sure you have copies of the leases and applications, and that you get the security deposits transferred over to you at closing, and the rents collected for the closing months should also be prorated and credited to you.  

Great tenant, really sad we still live in this era.The third tenant was an older lady whose only income was limited social security, but she had some savings.

No prior Evictions/Breach of leaseThe issue now is how best to respond to the ones I promised to send applications too.

Collateral - The quality of the asset the loan is being secured by.

Avoid paying large sums upfront.Online Payment: Use secure online payment systems to manage transactions and keep records.Permits: Ensure all necessary permits are obtained and required inspections are passed before proceeding with payments.

HI Tomer, you can definitely secure a fixed second or HELOC on an investment property.

s local market expertise, we secured the property for $160,000.

One key insight is that conventional mortgage bonds (mortgage-backed securities, or MBS) made up of government-sponsored enterprise (GSE)-backed mortgages are benchmarked with the United States 10-year Treasury bond, while MBS made up of non-QM mortgage loans (including the all-important ones for real estate investors, DSCR loans) are benchmarked with the United States five-year Treasury bond.

I like having one account exclusively for rent payments and another for security deposits.

Leveraging Julie's local market expertise, we secured the property for $40,000.