The key is to secure financing options before finding a property, ensuring you have enough funds to move quickly when a great deal arises. 

If they don't you personal financial situation plays a bigger part in securing a loan. 

@Erich OertelRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Be aware of state usury laws and consider collateralizing the loan for security.

Breezeway allows us to easily organize all photos by room and generate a downloadable document for reference.Once a tenant moves out, we follow the same process to document the property's condition and determine if any amount needs to be withheld from the security deposit.Additionally, we require new tenants to complete and return a move-in inspection document within 3 days of moving in.

My front is similar with packages delivered most days and being very confident if delivered to the front door that they are very secure.  

How are they coming up with a security deposit and a months rent and moving costs for a new apartment?

Not mentioned, is recognition of other opportunities that a well-secured note may provide strategically, if placed well.

If prospects upload ID, pass a quick background check, and maybe upload a pre-approval letter, I think that answers both the security and tire-kicker concerns. 

He collected first/last/security payments prior to move in date and was never heard from again.