Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.

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.

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

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. 

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

You'd need to show the income on your tax returns and/or have a lease and first month's rent/security deposit for the unit you were living 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.  

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

In the agreement, they included that users give up their first born child as payment, and that anything users shared would be passed along to the National Security Agency.