Common Approaches to Option Fees and Earnest Money

[Tony Castronovo]

What is the norm with regard to option fees for feasibility and earnest money related to MF apartment deals? 

Regarding option fee, I think I got lucky on my last deal at $300 for 30 days.  The current deal I am working has an agent pushing for much higher for much fewer days.

I have heard that in a lot of MF deals that earnest money goes hard right away....or very soon.  True?

I realize every deal is different and all things are negotiable.  Just trying to learn more of what the "typical" scenarios look like.