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.

My goal is to purchase my first multifamily long-term rental and eventually use the BRRRR method to grow and scale into a diverse portfolio that includes long-term, vacation, and commercial rentals.

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

Might want to put those security bars back on!

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.

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

Did the Brrr method.

Of course, I was still concerned about the possibility of late or missed rent but luckily I worked out a deal with ALE where they paid me 2x the security deposit along with 3 months rent pre-paid.

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

We used the BRRRR method to get here—after two years of study and strategy—and it’s paid off: nearly doubled in value.I work as a strategic analyst, and we picked an up‑and‑coming neighborhood intentionally.