Hello,We are being approached to GC/partner on a spec home with whom the client owns the lot and will be securing the construction financing himself in order to do the deal.

My inherited tenants ALL SMOKE and none had security deposits. 

At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

@Rod Merriweather Getting a LOC (line of credit) secured by real estate from a bank is going to be tough as the line of credit is viewed as a short-term liability while the property is a long-term asset.

Well said, Desiree.Gator lending is secured by contracts that say that if the buyer doesn’t come through, then the gator gets the EMD back. 

If you could see that the population growth was increasing, then you could invest with some security. 

A lot of the time, the HML 2nd secured by the high equity primary residence would end up getting paid off in short order with via a HELOC, so there'd have to be points in it upfront for the HML for it to make sense.

What if you could secure your next property before selling your current one—without the stress?

Negotiating with the seller was straightforward, leveraging the property's condition to secure a $50,000 purchase price.

Quote from @Ingrid Hussey: Hi All,I recently installed security cameras outside of my SFR rental.  1 is installed on 1 corner of the house and is aimed at the front yard.