When I open my data source in Excel I get a an error message that says "This file needs to be opened by the Excel Workbook text converter, which may pose a security risk if the file you are opening is a malicious file.

Some security agreements recite the type of line as being for a LOC, so in reality it's not a deterrent to filing any suit against you.

Policy is set and enforced to ensure a safe and secure banking system for the benefit of our economy.

Any PM worth hiring would happily take the opportunity to educate and advise you with the hopes of one day securing your business.

If I were starting out I would save as much as possible and ask family or friends for low interest loans in a hope of securing $20-30k.

Having a mother like that can be annoying at times but should also be beneficial for care of your property and a little security to pay rent if times get tough on your tenant.

I am new to Real Estate Investing (secured first rental property October 2013), and I am very eager to move right on into my second property!

All good points Bill Gulley Not to mention that the secured note would make the deal more attractive to friends lending the money. 

I've got the property under contract and using a private investor secure the $65,000 I need, with $45,000 going into the home, and $20,000 into repairs.

Two days before the close, my realtor called and said the seller wasn't going to give us the security deposit for the existing tenant, who'd been there 8 years.