You know, most every tenant does make a security deposit...4) Moral/ethical: "your surname looks Polish.

I like to ask, how much do,u need above your existing mortgage, how soon do,u want to settle.You need to show the seller the benefits of taking back some paper; interest payments, show the seller how much they are making over the term of the mortgage, let them know they can discount the the note for cash when they need it, use the note as a down payment on another purchase, split the notes, pledge the note as security for a loan, give it to their kid for college cash or just keep it in their cash flow portfolio.  

For the second part, I'd suggest talking to a lawyer about a will.EDIT: You can in theory have 500 mortgages if you want, just as long as all 500 are only secured by 10 residential properties.

We have secured financing for the unit and have money set aside for the minor renovations required. 

(I have the Series 7 and Series 63 securities licenses so I understand sponsorship).My question is how to I approach a broker to get licensed?

But quite honestly, biggerpockets forum gives me hope in humanity... amazing ppl that are willing to help each other to make money and become financially secure. that is pretty awesome.  .. sorry if tats too deep :) haha   Perhaps once I get situated with where I will be living, we can get together and talk investment, if your still up for it :)@John Kent - how do i get in touch with the investment groups you mentioned?

My LOC is secured through the F&C property at 80% LTV at 5% interest only payments for 1 year.

If you had the cash to buy outright on one deal, versus using the same capital to fund financing on 3 or 4 more property deals....wouldn't it be more secure and better long term for rentals if you just bought outright one property in cash?

You can also rent it subject to you vacating, take a security deposit and sign a lease with the prospective tenant and submit copies of both to your conventional lender  for your o/o loan.

Do I have to secure the property first and then get quotes?