Maybe someone could provide some insight and educate me about them.It is my understanding that if I have say $100k, I can use it as collateral to secure say a $300k loan (leverage percentages are just examples and could vary vastly).

Pay them a few hundred to look over your lease and discuss issues of concern with them.Also, NOBODY moves in and gets keys unless they pay the FULL security deposit and ONE FULL months rent.

Noe I don't recall, seemed like it also said that the security agreement could contain provisions for a deficiency, if so, under those circumstance the lender could seek the deficiency, so read carefully....I'd guess most lenders would go there if it's allowed.

Make certain it specifies you receiving the security deposit as I believe you will owe the tenant his deposit whether or not you received the funds from the seller.

Side note on laundry, ask that they throw in machines that accept credit or loaded cards if you can in place of or along with coins.

Being a business guy, I'll assume I'll be secured, that you will perform and in the event you don't I can replace you easily.Just some initial thoughts, from there I can see if you have your ducks in a row and we can go from there

For the most part I'm venting here, but I'd love to know how many of you who are years into this and running a successful REI business for your selves, A) at the beginning felt like throwing your hands into the air, and B) what you did to keep your self from getting broken down by the difficulties starting out.To give a little context here...I have been feeling really great about the progress I've made of the last 6 months.

Had they been, they wouldnt have been throw out and been crushed.

Security pin door, she doesn't man it.

I would assume that if there was a mortgage agaist the property, then the lender would have paid the back taxes by now to secure its interest in the property versus letting it go for auction.