If a person has borrowed from the same bank a home loan secured by the house, a car loan secured by the car, and so on, these assets can be used as cross-collaterals for all the loans.) 

At signing of the lease, I got first month rent, last month rent and security deposit (equal to one month rent).

Thankfully I was able to secure a fair size loan from a private money lender, so we don’t have a lot of mortgages at this point - leaves us with some room for growth.  

.: $200k puts you in the suburbs where there's less security issues on worksites.In what cities has your agent been looking?

Realistically, I only put down my original $5,000 in earnest money and at closing I received $5,662 (excluding $3,950 in security deposits) since I used my commission as a down payment on this deal.

Likewise, we secured a tenant and signed a lease agreement contingent upon the property closing, but were actually able to add a clause to the sales contract for a lease-back option from the seller to the tenant for a few days when our closing was delayed.

I am assuming the fees are small.Presumably, you have a security deposit. 

Currently I am a security guard full time as well as a full time student.

The fact that many of these platforms have lost investor money in good/great economic times is quite scary when considering the next recession.While the sponsor of course needs to be vetted, the property being purchased, or securing the loan in debt platforms, is of paramount importance.

It may not be secured depending on how the cops came in.