Unfortunate this tenant has never been changed a security deposit by the previous landlord.

I know mostly you find a buyer after you have secured a contract with the seller.

As a side note: The cost of simple repairs and maintenance is paid out of the Operating Bank Account.Other Savings reserve (fund this account monthly with in an amount to cover contingency matters, such as vacancies, etc.)Security Deposit reserve (transfer all Security Deposits to this account).Other reserve accounts may be set up for other matters, such as Tenant Rent Deposits.To clarify matters, there is one Reserve Bank Account. 

We work with Aaron Chapman's team at Security National Mortgage Company, who I would definitely recommend for your investment financing needs.

So, under my definition if I have great credit, and a lender is willing to over finance the property because they know they can get my other assets if they need to foreclosure and there’s a shortfall, then that’s not a nothing down deal is essentially I’m using my other assets to secure the loan.So, under this strict definition of nothing down, are nothing down deals doable?

You will want to make sure you do not hold security deposits in Chicago, but instead switch to move in fees in the future.

Of course, they had to get their net worth well into the nine or 10 figure range to be able to qualify for this role in large deals.And I also know a couple securities attorneys who get GP equity for handling the legal aspects of the syndication.

We let them know we require this for the safety and security of the owners property.

@Joshua Smith, I would start with a good securities attorney and strong compliance attorney.  

Then just deduct from their security.