Yes, you can deduct the 8 days rent from the security deposit.

Quote from @Keilon Morton: I am looking to secure my first tax sale and need another investor to go in on the deal.

You will need to bring some other strong inputs (10 years of construction, history of 10-15 flips, ton of equity to secure against, etc.) to the table to attract any interest.....

If so, you can use the security deposits from both tenants to cover missed rent. 

I’m open to paying the $20K to bring the mortgage current, but I want to ensure my position is protected.If the deal falls through, how can I secure my $20K so I’m not left out of pocket?

Quote from @James Miller: Quote from @Chris Seveney: Quote from @Stuart Udis: @Ryan Blake These investments can be secured, or at least better secured if papered correctly.

Quote from @Eric Gerakos: Michael, why would you invest in UNSECURED note funds when you can buy notes SECURED by real estate that are currently paying 10% for 2 or 3 year interest only terms?

Hey BiggerPockets Community,I’m actively securing undervalued properties in Syracuse, NY and looking for investors interested in high-ROI flip opportunities.Here’s the strategy:✔️ Acquire distressed/off-market properties✔️ Use business credit & creative financing to minimize risk✔️ Rehab & resell for strong profit marginsWhy Syracuse?

Hey BiggerPockets Community,I’m actively securing undervalued properties in Syracuse, NY and looking for investors interested in high-ROI flip opportunities.Here’s the strategy:✔️ Acquire distressed/off-market properties✔️ Use business credit & creative financing to minimize risk✔️ Rehab & resell for strong profit marginsWhy Syracuse?

Our names go on title and our loans have the real estate as collateral so they are “secured loans.”