A promote is reasonable for securing all that extra financing but not a 20% one.I’d separate split of cash flow from split of equity too.

Put another way...society says to go to college, get a job, work up the corporate ladder, and retire at 65 with social security benefits. 

Security deposit3.

Then basically the tenant is building your 'security deposit' over time, without using that language? 

A tenant wants to get their security deposit back from another landlord so they can pay the SD on the property I’m managing.

Also invest in the best security systems you can get and do everything else you need to be safe.

I thought that there has to be a better way to have security and still have my money growing instead of staying stagnant. 

Hello, I just mailed out my tenants security deposit (in full w interest blah blah blah) to their specified forwarding address via UPS and see it was delivered per “met customer”.

I can't see them asking for an amount that is the total security deposit before viewing the unit.

@Steven Woods in regards to insurance, from start to finish you could have 3 different policies depending on how fast the project progresses.1)  Vacant land policy - if you will be holding the property for more than 60 days before breaking ground.2) Once you are ready to break ground, and to secure financing,  you will need a Builders Risk Policy.3)  Landlord policy can be put in place once the property has the occupancy permit and it will be 70% leased out within 60 days from the start of the policy.