Just secure the loan and close, and start receiving an income stream.

@Ryan W. is your question about the forwarding address for the return of your security deposit?

At Closing:  Security DepositsThanks in advance!

I would give them the opportunity to apply, passed my screening, pay a security deposit, and sign a written lease agreement.The security deposit from the daughter does not belong to the mother and should be treated separately, like you would for any other tenant that abandons a property.

Her answer was “when we’re more financially secure,” so I asked her to break that down and we narrowed it down to $15k in Emergency Fund (currently have $11k), credit card paid down from $7k to $2k, so really I’m only about $9k total away from starting the Real Estate Fund which itself should be about $15k to invest 20% in the $70k homes we have in our area.

I just thought a 15-year fixed may secure that better rate.

Lenders, you may be able to shed some light on this, what I cannot understand is how a $500,000 multifamily property with secured leases and history of positive cash flow is so much "riskier" than a single family home of $500,000.

I saw the dollar bills that tenants had in security deposit + first month's rents rather than their entire application.

Real estate is a fine asset class, but so are public securities over a long horizon you are no doubt facing. 

Upgrades such as security gate, cameras, 7 renovated units, Hvac units.