After a month of renovations, I listed it on the market on November 19th and secured a tenant with a lease starting on December 10th.

Heard the owner was interested in selling so I proactively reached out and secured the sale How did you finance this deal?

I personally collect a security deposit and get the damage protection waiver for added protection.

The rent and security deposit should be used towards and damages.

However cash is a hard no for me because I feel having it around and transporting it provides a security risk for me.

But IF the property in question is in compliance with all code, and provides a safe and secure environment, all problems are timely addressed and corrected, and the property is maintained on a professional level, then the investor who has a large capital investment in the property should be entitled to enforce any contracts providing him with the agreed to cash flow. 

Securities and Exchange Commission (SEC):- https://www.sec.gov/complaint/select.shtml3.

Well there's a reason they screen their borrowers, secure their loans with a first position trust deed/mortgage and charge a small fortune to make such a loan.

•Increased Security: Enhanced penalties act as a deterrent, helping to keep your property secure from unlawful occupation.

Also look at having a security alarm and cameras put in.