They already gave you their social security number, birth date, income, kids' names, criminal background check authorization, etc... and they think a quick head-poke inside the front door is intrusive? 

On residential some banks will provide a working capital deposit at closing that you can use for plans, permits, etc, but they will not release the first draw until the permit has been secured. 

Personal checks for security deposit aren’t a good idea, so I would recommend not accepting them as a payment method on move in.

We’re just at an impasse of what the next step could be to secure this property. 

So we are no way experience at all.Here is the info:- 3 UNITS - 2BD/1BA - 1 UNIT - 1BD/1BA- GYM ON PROPERTY UNDER UNIT 1- SECURITY SYSTEM IN EACH UNIT WITH 3 OUTDOOR CAMERAS- POOL WITH LARGE PARTY DECK- STONE FIRE PIT- SOLID SURFACE COUNTERTOPS- ENGINEERED WOOD FLOORS- STAINLESS STEEL APPLIANCE PACKAGE-Potential Rent Calculated to be: $1,800, $2,700, and $2,800.As a noobie investor looking to get experience, I thought I would help my father move down and help run the property, find tenants, market, manage, etc. until I can systemize it and move back to Boston, MA (where we are currently located).

How do I follow through with the transaction and keep the property from going through the foreclosure process to secure the investment for me and the other investor?

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.

In general, I’d highly recommend reading a book on syndications and speaking with a securities attorney. 

Because of the added weight can cause the roof to buckle or fall.  

I am trying to refinance to secure a lower interest rate and pull out some equity.