First, last, deposit, rights to first child?

[Mike Bargetto]

We are closing on our first buy and hold unit (before it has been vacation rentals only) and I am wondering what to do with our tenant regarding rent and deposit. We have a rock solid lease agreement but I don't know if asking for first, last and deposit is too much. We are renting the home out for $1375. 

First, last plus deposit of the same amount would be $4125 which is a tough pill to swallow. 

Any help would be appreciated. This is the home in Charleston, SC I mentioned last week. 

Thanks BP!

Mike