Make sure that the new tenant gives you a security deposit too.

I'm trying to secure funding on top of a 1031 I'm working on currently.

If it were me I would make the tenant responsible for both security deposits.

Not a pretty picture when you are looking at retirement.Now, if you HELOC or get an equity loan, my advice is to pay that back as quickly as you can from your investments and then secure other investment properties with investment income.

The administrations coverup on Libya has 4 dead Americans on the other end, that were refused security by the Secretary of State, and it's incredible that the Dems are allowing the lies to continue.

I am secure and confident in all those areas.

- People like the relative security and stability of a paycheck- it takes some money to get started, not everybody has it- You will technically be a business owner, that's for sure not everybody's cup of tea- scared, like Rob said; not knowing enough or not interested in investing the time to learn enough- If people have money to invest, they like to diversify and not put all the eggs into one basket/house.

The cost like $1000 if you shop around and they are tough to break into if you secure them with good locks.

Though you may want the security of owning homes free and clear, you may be able to purchase more homes faster if you use the extra income generated by your rentals.

Our attorney suggests a Grant Deed for this, but most people here say just use a Quit Claim Deed.