I help business owners and investors raise capital usually connecting them with partners who can secure $75k-$100k at 0% interest for 12 months.

Since the property is in Los Angeles County, I expect the eviction could take 4-6 months, followed by another month or two to secure new tenants.

Together with it, i have a mortgage free apartment that serves as financial security. 

Also, right now we are utilizing FB but we may change this next year to a platform outside of FB for better interaction and more security.

Looking ahead, once you secure a tenant, perhaps this is something that should be explored to make the next lease up easier.Also, @Caria Mitchell raised an interesting point in saying: We are experiencing a shortage of qualified applicants, I’ve noticed non-conventional applicants vs qualified applicants that don’t have a voucher or some form of subsidy. 

If your project qualifies for EPP (Express Permit Program), then you don’t have to secure permits in the traditional way.

The agreement specifically allowed KeyGlee to use the End Buyer's EMD to secure the underlying contract with the actual seller... and to forfeit that EMD if the End Buyer failed to close.

Sometimes it can be difficult to collect and some landlords will keep any unpaid utilities out of the security deposit, though CA is one of the trickier states to do this in.

He is securing expensive debt, not debt through a bank, isn't putting any capital into the deal and structuring the equity investment in a highly risky manner without any upside offered to the investor.

You need to make sure your tenant screening is very thorough and also your property security is top notch.