Lastly,  and possibly the most important,  make sure the security deposits are transferred to you at the sale.

One other benefit is that the often times the people footing the bill for rent and for the security deposit will be mom and dad.  

I will be paying my part of the loan by direct deposit to him.How would you structure the partnership ?

I assume that as long as I don't require any additional security, there's no harm in simply transferring the deposit from them to me?

Meaning no waiver of security deposit, no first months rent half off or free etc.Example a 2 bed of 750 X 12 is 9,000 a year.

it depends, If you are getting the cash in full before your purchase or closing without a contingency then cash.Ex. full amount to purchase is deposited into your/LLC account.

@Arthur Zaragoza   I am not sure about others but I would have your take out figured out before I paid cash and counted on a refi.I would think your American relatives are best bet to get this done for you. they will be limited to loan slots ... then you can go portfolio and then lastly semi hard money if it makes sense.true non recourse with secondary lenders is in the 8 to 9% apr rates with 50% down..

Also, I would put the requirement in there for a deposit (with signed statement of condition) and last month's rent.

If you happen to know MSR’s business bank accounts by depositing, wire transaction, or their business assets and residential address, your information will be greatly appreciated.

It seems that there is no maximum limit for security deposit in FL, just want to run this by everyone here in case I misinterpreted the language.