In the lease it states that a security deposit of 1 months rent was collected. 

Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.

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.

Hello, we have a. apartment complex in LA County and want to install security cameras in the common areas.

If a seller doesn't grant you the ability to perform due diligence as necessary, maybe move along to a different opportunity unless you're extremely experienced & confident in the opportunity in front of you.Additionally- execution of the due diligence process varies from market to market.

Itll be paid off by the time your 65-70 and boom, no need for social security or retirement. 

The lender lent based on them being one thing which secures the debt.

We have not been able to secure financing and had conversations about it.

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

If you're living in it now, you'll probably be required to have a signed lease in place as well as proof that first month's rent/security deposit were collected in order to get a DSCR loan (they're business purpose loans and don't allow owner occupancy).