I think this is one of the riskiest strategies.

I’ve seen situations like this before..one old friend of mine in Austin had a few industrial buildings where the cash flow was decent but not dazzling, and he was itching for a way to ramp things up.

I did not read the rules around security deposits. you may be allowed to use those funds and still file a small claims action for any remainder, but I can't imagine that it would be worth it if you have at least one month's rent in security deposit. 

It’s great to see your enthusiasm, and you’re in the right place—this community is full of knowledgeable and supportive investors, professionals, and entrepreneurs.

I'd reach out to Shona Lepis with She's Got Assets if you're looking to source insurance companies.

Just wanted to revive this conversation: Any recommendations on one versus the other? 

This is very helpful.

I am wondering if this is just the wrong time of the year.

Or hire a professional who specializes in selling this type of asset.

We're planning a trip this spring.