It typically has a lower interest rate but is secured by your home.

Now tenant C is staying, but the security deposit is still the one that tenant A and B paid? 

I'm Isaiah, a 21 year old business owner who wants to enter the world of real estate investing to secure the financial freedom that many of us aspire to reach.

I would be most interested to hear about:- How rigorous of a task the document submission process/review was to secure your loan and your experience with the process.- The turnaround time for your loan.- Best practices that you found enabled your loan process to run smoother and efficiently.I would also invite those to comment who had applied for the loan, and perhaps used a commercial loan in the end to close the deal.Thanks!

Unfortunately they have already begun selling off some of the properties that are either in need of higher rehab costs and or not offering the cash flow they are looking for at this time.Last night I received a text message informing me that they had an investor scheduled to do a walk through on Friday morning as part of a five property portfolio.I immediately called and spoke to the current owner and he stated that he was expecting an offer of $175,000 to $180,000 and that he would except an offer from me if I could secure financing.

I am the one securing the financing and facilitating the rehab along with supplementing holding costs.

Credit scores and family background is all personal information that is protected by the fair housing act.”Just to feel secure, I want to know about some facts that might be related to paying full rent and not damaging the property. 

Can someone refer a good security attorney I can speak to?

@Dwight Cook  first don't forget to have a estoppel before closing specifying what is rent/security deposit etc. for each unit.  

The seller is friends with the tenants, so no background check was done and no security deposit was collected.