So what if you lose your security deposit?

Hi Amy, I am not a realtor but work with commercial buyers in securing commercial financing.

Depending on the amount of money in your IRA, you can use the funds to invest in a piece of Real Estate directly - OR - you can use your IRA as a down payment, and your IRA can secure a non-recourse loan to finance the balance of the purchase.In either scenario, your IRA is the property owner - all income generated by the property flows back to the IRA, and any expenses (repairs, improvements, taxes & insurance) are paid with IRA funds.

You have a start point but I would suggest you try and target a tri plex or larger for better financial security starting out.

They are worth their weight in gold. 

I already will be getting all security deposit on hand, prorated amount from 6/2-6/30.

All of a sudden a month after the 18 unit is secured, suppose a deal for 12 units becomes available for 10% down with a 2 year land contract.

Try to obtain 3 secured lines at $300 each via a bank.  

We wrapped up closing 3 days ago on an apartment we where selling, and today we learned the buyers closed on Wednesday as well, but they have not recorded, and the buyers' attorney is holding money because the buyers think they should get more money for rents/security deposit.Anyone know the legal ramifications around that in Virginia, or limitations, on holding disbursement?

I have a small request for you all and I hope I'm not asking for too much.I have been interested in real estate investing for quite some time and decided that securing my real estate salesperson license would be a great way to learn and facilitate my journey forward.