We prefer to do move-out walk-throughs with the tenants, so they will not be surprised with how we handle their security deposit.

Lenders I sort of answered this in A but you're asking a bank to lend money secured by you to purchase a property that you won't own.  

"Standard" due diligence on a loan made and secured against a condo should include reviewing the condo warrantable or non-warrantable status along with the economics and by-laws of the association.  

Some of you may recognize me, I posted in the forum regarding trouble securing financing in the USA as UK resident.I found some deals offering seller financing.

Just got a second place in front and borders my land Bought it to add to what I have and the extra privacy.

C then gets a security interest on the LLC's assets so he can foreclose A & B if the deal goes bad.

With one deal under my belt I am by no means and expert, but here is my "word to the wise" to everyone else just getting started.1) Know what you're getting yourself into, active RE investing with no cash or credit is not nearly as easy as many gurus may lead you to believe.2) If you're like me and want to get into wholesaling before progressing into rehabbing, sure it's good to take that time to learn to evaluate repairs and ARVs ect, but depending on your situation, it may behoove of you to invest some time in early on planning on how you're going to secure funding.

Copy/paste with names changed to protect the innocent:XXXXXXXX BankATTN Wendy (Customer Service supervisor)VIA FACSIMILEWendy,Thank you for taking the time to speak with me regarding my request for information on the loan secured to property owned by my company.

Today we finance or capitalize mortgages a bit different with our secondary market and securities.  

Give existing tenants a proper notice (30 to 90 days) that you will no longer be accepting payments at the PO box for security reasons and give them the preferred payment method with step-by-step instructions.