It's a riskier loan given you do not carry a social security, no US credit & no experience.Due to increased risk comes mitigation (Lower LTV & Higher Rates)

Best approach is to have your "team" set, before going out to secure properties. 

He wanted me to paypal him 750 so that he would send the 20k needed to bridge the gap in the loan.The easiest way to spot a red flag is to start with going through a title company. hopefully you did nto give this person your social security number or other private information.

I can always sell if I change my mind, and hopefully make a few bucks, worst case break even, since I am buying at discounts.With BRRRRR, an often ignored benefit is the security (if done well) of being all in 75-85% of ARV.

Since the BK must be disclosed in any securities offering, you would not be able to be a partner in a syndicator/sponsor type deal9.

I guess that's part of my question, if you could have the security deposit cover that and people's experiences so I could better prepare myself. 

You need to make sure your tenant screening is very thorough and also your property security is top notch.

I’ve been securing great deals for clients in the Hampton Rd area. 

In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

-Decreased security deposit to 1x for MTR.