Now, over a year and a half later, he sent a certified letter last week demanding the security deposit or legal action within 30 days.Please advise. 

I own a roofing company in Denver and a separate gutter company there too. 

Quote from @Yaroslav Shtogun: Hello Community,I am seeking advice on the following real estate situation:I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage.

It has a bathroom with shower, and a kitchen area with W/D. 

You are still going to have holding costs and a heloc will just have less holding costs that you would if you were doing a personal line or hard money. 

That makes a real difference.Initially we had one originator, one part-time processor, and a part-time admin assistant. 

I used to own a large SFR management company I sold to Evernest in 2019 and I manage a Kroger SC and a set of retail condo suites for a client now but it isn't my thing. 

If you value short-term savings and a lower initial payment, Option 1 works well.

I know I can't have it all but looking for a stable appreciating with some cash flow and a turnkey SFH.

Sufficient infrastructure: Companies select locations with major airports, highways, and a large population of potential workers.