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.  

@Femi IbrahimI imagine the bravery it took to make the public post that you have.

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.

Or is it, because they are "private" money lenders, there is no public records to refer to? 

Their security deposit is $1,400 and they paid a $300 non-refundable pet fee."