You could also just remove the carpet and pad and screw it down (you'll probably need weight to get the floor to settle tight as you screw).

According to what I have researched is it realistically possible to find a good deal , secure a contract to purchase the house and assign the contract for a 2-5k profit ?

Just because it was the 1st mortgage doesn't mean that ALL other liens are wiped, certain liens cannot be foreclosed out including COA liens and municipal liens (special assessment, lot clearing, securing, utilities, etc)718.116 Assessments; liability; lien and priority; interest; collection.— (1)(a) A unit owner, regardless of how his or her title has been acquired, including by purchase at a foreclosure sale or by deed in lieu of foreclosure, is liable for all assessments which come due while he or she is the unit owner.

In that case your security is deemed unworthy of their cash, dosen't sound like the issue here.Yes you just ask for the funds you need

This is just a "secured loan" or "savings secured loan".

Hello, I'm very close to securing my first tenant and he happens to be a grad school student.

Tenants have to keep up with their credit scores because their security clearance depends on it.   

I know which tenant caused the damage, as it was caused by their furniture rubbing back and forth in a certain spot.Each of the tenants gave me a portion of the security deposit.  

I plan to buy, 51% own, remodel, rent homes and offer a minority ___% interest to hard money lenders secured by the following: 1) their holding a first mortgage and 2) quarterly loan  ___% interest payments and 3)  ___% share of annual depreciation and 4) ___% share of sale proceeds at or before or near year eight per market then.

@Ginger Schmidt You are definitely allowed to require a security deposit with a new lease.