You should secure that switch (or that area), so you can control who accesses it. 

If they don't you personal financial situation plays a bigger part in securing a loan. 

Be aware of state usury laws and consider collateralizing the loan for security.

Of these properties do they have parking and how close to public transportation are they? 

My front is similar with packages delivered most days and being very confident if delivered to the front door that they are very secure.  

Breezeway allows us to easily organize all photos by room and generate a downloadable document for reference.Once a tenant moves out, we follow the same process to document the property's condition and determine if any amount needs to be withheld from the security deposit.Additionally, we require new tenants to complete and return a move-in inspection document within 3 days of moving in.

How are they coming up with a security deposit and a months rent and moving costs for a new apartment?

Not mentioned, is recognition of other opportunities that a well-secured note may provide strategically, if placed well.

It gives him experience in public speaking, forming your own opinion and communicating with authority.

If you want 100% of your investments in public equity, that is fine and you will reap those rewards or suffer those losses.