How should the security deposit be managed in this transition?

Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.

I can assure you, this will cost you more money before it's over.

The local title company says I should talk to an attorney first, but I'm wondering if this is necessary.

Got it thanks ill check it out, hopefully there is some clear guidelines on this.

You may have seen my other posts in here related to a small mobile home park with 1 ranch home and 5 mobile homes.I have been waiting on the information regarding the septic design of this property for months.

It is hard to find tenants in an area like this.

I was a banker for many, many years before we started this company.

What steps are you taking now to make this goal happen in the next 6 months??

Is this process pretty self explanatory if I just follow the correct steps?