Purchase price: $420,000 Cash invested: $55,096 Purchased a distressed single-family home in Antioch, CA, using the BRRRR strategy to create $141,000 in equity and secure a cash-flowing rental property.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

Quote from @Jordan Kaylor: I'm new to real estate investing and have secured a HELOC on my existing home.  

What do you recommend for home security Jim? 

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.

IE securing them paying tax's insurance etc etc. 

I would check this out with a seasoned securities attorney for their opinion/guidance.  

Some of these Guys are pros at selling if you can secure a deal for 50 % off why would anyone give it away their are legit joint venture partners on this site that will help you and treat you much better as a partner just post it and see what kinda response you get .Have a good day.