I would like to secure contract and assign to an investor.

The more this is, the stronger the tenant buyer's claim they have an equitable interest in the property.You also want a separate security deposit that's part of the lease.

I have secured private money for the rehab and purchase at a very good rate.

Return: A construction loan has already been granted for $1,800,000 after property is acquired.

Thus, my allowed 1 1/2 months security gets eaten up in that time frame (no cash loss).

Several days ago I called the tenant to see what time they would like to meet for move-in/exchange of security deposit/first month rent,etc.

I had a steel security door installed.

I convinced him that rental real estate was our way to a secure future.

You missed a BUNCH of the expenses, such as damage done by tenants in excess of the security deposit, advertising, entity maintenance, legal fees, evictions, lawsuits, office supplies, etc, etc, etc.Throughout the United States, operating expenses run 45% to 50% of the gross rents.

It seems like most banks do not lend on notes secured by land.