Glad we're secured, but nothing in rei is passive.

It depends on a lot of factors; primarily the local jurisdiction rules that may limit lease changes (in Portland/Oregon rent, security deposit, screening fees, an no-cause evictions are heavily regulated).

The loan has a MUCH higher risk for the lender because it isn't secured by real estate.

If I have no mortgage the cash flow is more secure.

If it does you have zero asset/income, a much larger debt secured by your personal residence, at just the time you probably also lose your job due to economic conditions, and all those nice folks teaching you about sno ball, infinity, you’re your own bank, etc., will be long gone.  

You are not responsible for his failure to secure his personal property.

For example I have an account for each property and a sub-account just for the security deposits for those properties.

Neal and Jean-Marc were supposed to secure construction funds.

Toward the end before closing, they gave bunch of excuses like security breach in their company, don't like the file and the property.

When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18.