Say you  need it to send the security deposit back.

You could use the security deposit to cover May rent if there is no damage; otherwise, deduct the damage, then apply the remainder to May rent and inform your tenant they owe the remainder.

Depending on the seasoning on title, your lender may or may not source the downpayment using the purchase settlement statement and a transaction history from the securities account.

I also reached a point where I wouldn’t sign personal guarantees, and set up my personal finances so as to have an “asset protection” plan in place.I have often used “creative” thinking and real estate techniques in both the purchase and sale of real estate.  

Can we have a quick tutorial on this technique Chris? 

@Patrick Roberts Security, is all.

Document the items to be repaired and the cost and deduct from the security deposit.

This role will help you understand tenant relations, property maintenance, and the financial aspects of running properties, which are crucial skills for a real estate investor.Consider a Position in a Real Estate Firm: Working for a real estate agency can offer insights into market trends, property valuation, and sales techniques.

All “guru” type mentorship’s teach a specific “technique/strategy to EVERYONE and ANYONE (that will pay) REGARDLESS of their knowledge, education, experience or ability.  

For your first project, a few things really matter: having a solid team (contractor, agent, title company), knowing your numbers (ARV, rehab budget, holding costs), and securing the right type of financing.There are several loan options depending on your goals and experience level.