Purchase price: $225,000 Cash invested: $22,000 After my first property was a success, I decided to leverage my first property to get a HELOC and then used that money to secure a home loan.

Purchase price: $225,000 Cash invested: $22,000 After my first property was a success, I decided to leverage my first property to get a HELOC and then used that money to secure a home loan.

What do I do with his security deposit?

And I already took the listing down and cancelled a couple people I had booked to show it for today.Would you keep the security deposit only?

First off, the odds of you ever being sued for anything more than a security deposit dispute are extremely slim.

@Josh Caldwell Josh, do you think hard money strategy can be employed for securing a multi unit (4 units residential) if secured with a HM lender who will refinance the original loan after a specified period of time?

If it is nearing the end of its lifespan, just replace it.Tarp is going to look bad and will create other holes in the roof when you secure it. 

I don't have crazy high interest debt I would pay off with it or anything like that, but it seems wise to go ahead and secure the line of credit while homes are appraising so high.

Might even be able to charge a bit extra in rent for video security:)

If you do those 3 things you will be able to help them secure an investment property, make necessary repairs(at a decent price), and get the place rented and cash flowing.