You would then go through the process to collect.Legally a landlord may not use a security deposit to cover last months rent unless your state landlord tenant regulations state otherwise.You need to study/learn your state codes. 

We close deals in Michigan every year and are actually assisting with a 12 pack of properties in Michigan now.

If you can find a property with minimal broker assistance it's to your advantage on small MF.

I’d be happy to assist in pulling comps for you if you don’t have an agent you’re working with.

I am by no means an expert of any sort, just a young guy studying to get his real estate license and become an agent as well.

And/or make it part of the purchase price (buyer back assistance), thus making it part of the loan (if it's still appraises for the value, down payment and no problem from the lender).3.

I'll do my best to be of assistance.

2024 is 6 years awayI plan to spend the next 6-12 months learning and studying dealsI estimate that in order to replace ~$130,000 of gross annual income I will need to have that same total of net cash flow from my properties by that time (I currently only own two single family houses)If I make the assumption that the deals that I find/buy return $500 per month of net cash flow then I will need a total of 22 properties to equal $132,000 per year (22 * $500 = $11,000/mo. * 12mos = $132,000/yr)The $500 per unit estimate is not a per door estimate, rather a per unit estimate.

I went to school in the DFW area and have a network for friends there who can assist me in things like maintenance / vacancy / etc. if I get rental properties.My short term goal is 1-2 SFH's under my belt by end of this year.

Look for higher rent rents via non-traditional/modern rentals:- AIrbnb/STR-Leasing fully furnished-Rent by the room/Student hosuing-Assistance living, etc.