I marketed the unit and screened/accepted new tenants, accepted holding deposit in secured funds.

I would obviously like to get my tenants secured and locked up in writing as soon as possible but issue is I don't have formal land use permits as of yet nor have I started the process - all I know is that QSR/coffee shop/drive thrus are allowed according to the zoning code.

You would have to pay down $33,362 to do that, but you could just pay it down over time or just make a mental note of what point you need to refinance once it gets to that level.Just an idea, it may take more time to get positioned for this method, but it will be the best of both worlds... 

Joe Marshall There is a reason you keep hearing about BRRRR is because it is a proven excellent method of investing and building wealth.

This method allows you to get a higher rental rate and alleviates the stress of vacancy. 

@Chris Roche I don't think so- just first last security and key deposit 

Unless you want to have an in depth foundation of modern value investing, Security Analysis is overkill because it doesn't have much in it about REI that you won't get from The Intelligent Investor. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I know turnkey can get a bad reputation but there are several reputable providers there and if you hold them long term they can be good investments.I’ve done the DIY method and so far turnkey is better for me in my opinion anyways.

When I first started out looking for deals for other investors and got into wholesaling, I had to try a few different methods.