The lease agreement clearly states that the "Security Deposit", and not "Damage Deposit", does not have to be returned to the tenant if all the terms of the agreement are not met.

While there are returns and security in substantial positive cashflow, you also get returns through appreciation, tax deductions, and loan paydown.

Inspector required me to place full house fire alarm even though I was not doing anything related to it.  

It's always better to go off a referral with a proven track record rather than a random number from a Google search.One caveat to consider is that without owning prior real estate or a primary residence, securing long-term financing might be more challenging.

Virginia doesn’t have many requirements around a security deposit: doesn’t require an interest bearing account or for me to return interest if it earns any.

His name is on the construction loan and it is secured as well as the cash to purchase the property came from a heloc from his personal residence. 

So, talk to all the people you know about what you want to do.And hire a good securities attorney.

If you can only be 50% you'll have to secure your additional 1/4 some other way (and there are lots of ways).The only problem I see with your plan is the condo conversion. 

Thats simply a good experienced agent doing proper representation for their client.Experienced agents know that many wholesaler dont close and that really negatively affects the listing and the sellers giving them false sense of security that they have a real deal.1.

My worries are the interest rates will remain elevated so securing another 6% interest rate on a property might be tough to do anytime soon.would love some advice, thanks!