@Mike Dymski  The basis of the post was meant to convey the mindset of pushing any and all available capital/credit lines toward growing fast at the expense of ensuring preparedness for a major financial hurdle.

Also, if you are marketing a high end property, amateur photos often don't do it justice and don't convey the high quality, spacious rooms and closets, etc.

Security deposits should be conveyed in credit or cash at the closing.

I suspect that is what the lender was trying to convey.

Note: This post is for entertainment and does not convey legal advice in any form.

The bank could foreclose on 50% of the property, however they wouldn't have a legal lot status to then convey to a buyer, resulting in a title issue to be remedied.

If most newbies would begin with the basics, we'd have much more time to devote to more advanced and creative matters, but I get hung up telling someone it's best not to use a quit  claim deed in some transaction.......basically because they don't understand deeds of conveyance. 

Because the substance of the transaction is actually two conveyances of title to the real estate the proper taxable value is $1,100,000.

Usually the purchase is contingent to clear title and the bank will make every effort to sell a property with clear title (although the title is conveyed through a limited warranty deed or even a quit claim deed).

It conveys to the tenant that you know your business.