Larger down payments-Hard money lenders take on more risk since they don’t dive deep into your financial history, which means they want more skin in the game from you for security.3.

Also, consider electric security gate access if code and/or HOA will allow it.

Additionally, once they have received the security deposit from the previous property managers they need to notify the current tenants that they are now holding the security deposit.

For example: https://www.aoausa.com/secure/... 

My largest security deposit was $5k on a 500k commercial property. 

My contract didn’t include any language around the current tenants, security deposits, etc.

When you return the security deposit, put both their names on it.

Once I've secured a hard money loan and used it to buy/rehab a home, how do I present my current situation to a traditional lender when acquiring a conventional loan on the property? 

For the applicant that I accept as my first tenant, send them an acceptance letter and collect security deposit + first months rentI am sure there is something (maybe a lot) that I am missing.

I have some experience with fix and flip as my sister has her own LLC but nothing with securing lenders.