I feel like just closing without the added work of securing financing will make the process less stressful but it's a lot of money.

I'm looking at forming an SPE to hold the funds and secure the loan.

If you think you can perform well in an interview, offer the seller a buyer's interview so s/he can vet you.I hope that helps and good hunting!

@Phil G.SEC regulations cover those penny stocks and other market securities, in addition to the investment brokerage accounts.  

In Virginia, it's actually written into the landlord tenant laws that landlord can require a renter's insurance policy and actually purchase one and charge the tenant if tenant chooses not to purchase one, as long as total cost of security deposit and renter's policy equals less than 2 months' rent.  

The 300% swings in price from one carrier to another are what I don't understand.  2) Security Deposits.Are you simply holding these in a savings account, in your own name, separate from your other funds? 

Their security deposit is enough for me to claim unpaid rent once they leave next month.  

Looks like this is a just a matter of keeping it simple and unloading a non-performer.  

Does pursuing the non-performing note ever pan out by securing a collateral interest in the property? 

Ok, so I secured my first big purchase, a little nice flowing 7 unit.