Quote from @Hamp Lee III: I’m currently under contract on a home in Texas, and the final documents the lender requires are a tenant agreement and proof of the security deposit and first month’s rent for my current home, which I plan to keep.The property manager I’m working with will use my home to house homeless veterans and senior citizens in a transitional setting, so it won’t be a standard rental.

Irvine is a solid market with strong fundamentals, and the lien backed approach makes this a unique hybrid between security and upside.I work closely with  people structuring creative financing deals, and I’ve seen how powerful they can be when aligned right.

It's designed for residential lending, but we still use it for the secure portal section.

Might want to put those security bars back on!

Taking that step shows you’re serious about building a long-term, sustainable investment strategy, and it’s great to see you already focused on financial security through real estate.As you evaluate financing options for your first investment property, there are a few key considerations:LLC vs. personal name: Depending on your goals and how you’re structured financially, there are trade-offs between purchasing in your personal name (access to better financing terms) versus through your LLC (asset protection and flexibility with certain loan types).Loan strategy: Many first-time investors start with a conventional loan, which offers strong terms if your personal credit and income qualify.

It's in high demand so we booked in 2022 to secure our dates.

This sounds like it would be secured by a second position note.

Real estate investing can be highly lucrative, but securing traditional financing isn’t always easy—especially for new investors or those with limited capital.

So, all you can do is offer them a "carrot" or a "stick".Carrot - Cash-for-Keys or security deposit returnStick - threat of small claims case and garnishment (if they have a job, bank account, etc.

If you end up evicting, you almost certainly won't be refunding the security deposit.