I planned on First, Last and Security with a 12 or 18 month term.

Account Closed I believe that you would need to be a securities broker in order to collect a check for putting together funding on someone else's deal, unless you have ownership.

I also think that people that are moving into Camden are more likely to move into the apartment buildings (victor or the new cooper place), with gated parking, security, and 24/7 concierge.  

Conversely, if I am to rent a room or place from out of state, what should I do to secure a location?

You swap them out on a fairly regular basis either as preventative measure when they are nearing the end of their life, or as a restorative measure when they break.  

I have selected one out of the three and want to proceed with lease signing and security deposit collection.

THEN had to pay the city to come out and reinspect whereby he noted the deck panels were not secured.

So, there is no established incoem stream at this time.In addition, the friend hasn't secured a job in town just yet so there is no income stream there either.

How do I handle the lease, the security deposit and any additional rents.

I've heard I could take a second mortgage on the property as security for myself?