I'm looking at forming an SPE to hold the funds and secure the loan.

@Phil G.SEC regulations cover those penny stocks and other market securities, in addition to the investment brokerage accounts.  

In Virginia, it's actually written into the landlord tenant laws that landlord can require a renter's insurance policy and actually purchase one and charge the tenant if tenant chooses not to purchase one, as long as total cost of security deposit and renter's policy equals less than 2 months' rent.  

The 300% swings in price from one carrier to another are what I don't understand.  2) Security Deposits.Are you simply holding these in a savings account, in your own name, separate from your other funds? 

Their security deposit is enough for me to claim unpaid rent once they leave next month.  

Does pursuing the non-performing note ever pan out by securing a collateral interest in the property? 

Ok, so I secured my first big purchase, a little nice flowing 7 unit.

I walk up and say, "Hi my name's Bill, I just spent a few hundred dollars to set an LLC and I'd like you to give me a loan secured against some property.

.”, wouldn't he have to pay the attorney the additional $18,000 to actually own the house before selling it, or did he secure a payment plan or loan for the rest, then sold the house and payed off all monies owed?

You need the buyer to understand they will keep the security deed until/unless you completely pay them off.