We always request prospective residents provide copies of the bank statements where their paychecks are deposited.

I was on their lists for a while getting “deals” but they were never any good and they always had quick turnaround pressure-cooker sales tactics and non refundable deposits.

By banking, I mean all your deposits and banking activity needs to now be done through the HELOC.

The tenant is requesting the return of their last month's payment and security deposit (equal to one month's rent).

With 48 hours left to wire the earnest money deposit.

Give them enough to cover first month's rent and deposit on a new place.3.

We get detailed reports monthly along with our direct deposit from them.

What if you deposited $200k of cash in mid July only to watch 10% of it disappear in a month. 

NO kidding way over thought and over kill.. a landlord with proper insurance and takes care of their property ( not a slum lord) has extremely low liability issues.. disputes with tenants is generally over deposits and when you go to evict them..

To hold the deal since SBA can take a while, do a $10,000 earnest money deposit for 6 months.Great first step into Self Storage.