In most places I invest I can't collect last month rent, just a security deposit.

I’m located in Eastern MA myself.

The house is located in San Diego. 

This is ordinary income plus social security and maybe state income tax. 

What part of the country are you located?

While the standard Chiacago Association of Realtor's City of Chicago 2023 lease is updated and compliant with new 2023 security deposit rates and local ordinance, we always recommend implimenting an additional "overlay" or addendum that helps protect the landlord against many things that the standard lease cannot standardize that many landlords would like to, like no smoking.

Selecting the right location and property type is crucial to maximizing rental income and minimizing vacancies.Airbnbs: Your initial capital could cover the down payment on a property in a location with high Airbnb demand.

I am not going to pigeonhole myself because I "only do buy-and-holds", I am just figuring out how to secure the deal and will figure out an exit after that.  

This picture would provide a better view. 13th Street is the other substandard road where I’m trying to get access, which is also where the residential homes are located.

A lot of people will probably want to have their own network for security reasons anyway.