I have a month security deposit for $850 which I’m not sure about returning. 

I have a month security deposit for $850 which I’m not sure about returning. 

When we fund subordinate debt, we structure a 2nd TD to secure the gap.

Hi, I did private lending to one of my friend , he mortgaged his investment property as first lien with me.agreement was that he will pay interest monthly, and he was almost regular on that.in July that property got deadly fire, in August beginning he paid my interest for July and didn't mention anything about fire.today, he called me and told that he wants of pay off(but he didn't pay last month's interest).I said OK start processing for payoff, but pay me last month's interest asap, then he told me that house went on fire and he is hoping to get insurance money and then he will pay, he has no money to pay interest .Now, my concern is should I wait and watch or I need to take some pre-action to make sure that I get insurance money since I am on first lien.

The only work beyond my comfortable distance, I would only recommend investing into a Turnkey property that is renovated and managed by an experienced company like Memphis Invest or Maverick Investors unless my business took me there quite regularly, or if I knew somebody there I knew and trusted to help me manage and maintain it, or or as a Partnership I could invest with in an apartment complex  who I trusted and who is under control. 

Think of 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.

@Donny Hogan Include details in your presentation on how you'll secure your friends investment so they feel at ease.

No big employers in the area and most tenants in park are on government assistance or receiving social security.

@Joshua Feit no without armed security or section 8 InautopIlot $350 rent units will cost more to maintain than rsturn In rent

You will need to follow up regularly to insure they are staying on track.Back in the old days of rent to own the upside for sellers was in renters failing to buy allowing the seller to rinse and repeat several times keeping the DP and principal each time.