We had done the first Mello Roos bonds in Nevada county and it was a nightmare..

They leverage the cash/bonds/assets in their portfolios and acquire the loans in which people borrow.

@Erika Bond A lot of property managers out there gain experience by working on their own properties or family property. 

You can make about the same if you put your money into a 30 year treasury bond that has no risk. 

Since the owners of the CMBS loan is in a bond pool, the bond holders are to be made whole no matter what happens to the property.  

I think its saver than stock or bond market in long term.

If so, you have to bond the deposit to ensure that you can pay it back if you need to.In an account that you do not use for anything else.The deposit can only be, at the most, 1.5 times the monthly rent.  

This is passive income that you get every month, like a CD or bond.

I think that with my next security deposit, I'm going to use it to buy a Series I US Savings bond for the amount of the deposit. 

I will be the guy on the ground.We have a strong bond and mutual trust for each other, so any vicarious behaviour is not an issue.