My wife's family has used a property manager in the past, so we used her as well and she did a great job of listing the house, finding a tenant, getting us a 2 year lease signed with a security deposit and 6 months rent up front!

Interactive Brokers offers a 2.2% loan, but the call happens automaticallyHas anyone managed to secure a line of credit WITHOUT it being callable?

The stipulation is of course that the money must be returned to the tenant upon move out less damages.I hold security deposits in a trust account on behalf of my property owners but if they decide they want to take possession of those funds then the law says I must do that.

Or...B) Secure funding first, with general terms, then find a great deal to apply it to?

If not, you may want to consider a refinance on a property to hold you over for a little.Are you waiting a couple of years till you collect retirement income(social security, pension, etc), then maybe doing a refinance until you get to that period of eligibility to collect.

I put him on contract with a security deposit and late fee imposed.

To extend that income you can put a lease and security deposit in place with a new tenant at home #1 and some lenders will count that towards your income to purchase home #2.

They usually don’t understand what signing a lease and paying the security means.  

Boom, down payment secured. 8 bedroom rooming house.

I pride my self on being able to be the person that people would want to use over and over and feel secure referring to friends.