Account ClosedThe only thing I have allowed is if I require two months of security deposit, I will allow them to pay in increments the 2nd month of security deposit.  

Granted there is not much cashflow but I am looking at the long term benefits, especially the appreciation factor in the area.

The door to their apartment was secured the same day and the following day it was replaced. 

Being party to an executed legal contract is precisely what grants the wholesaler (as the buyer) interest.

I considered installing a security camera in the laundry room in order to see if anyone was overloading the washer.

Ideally, I’d be securing and managing all aspects of the financing and he would only focus on the construction aspect.

All the best securing that first deal. 

All the best securing that first deal. 

You might even have some friends or relatives who have cash sitting in a money market account earning less than 1% interest, if you offer them 6% secured by real property that could be a win-win for both of you. 

Now, if the seller was saying he would grant you a $25,000 loan if you needed it...then ONLY as for a $12,000 lien for the rehab.