We decided to keep their entire deposit of $2000 and bill them the rest.

I have there $575 security deposit.  

I continue to get emails from Steve Mayer of Finance holding Company, but he keeps wanting me to pay a deposit + his 2% origination fee upfront...seems like a scam and wanted to see if anyone has done business with them in the past

I’m the meantime I was able to find a new tenant who has paid the security deposit, first month rent, and has scheduled utilities to be transferred to their name but no lease has been signed yet.

Also don't forget to get an extra bank account for security deposits and set aside money for repairs.

And then I would be depositing checks from my HELOC into my bank account and using that to pay of my credit card.

You will also need this info for contact information, etc.Request in your offer a letter signed by both the seller and tenant agreeing on the current value of the security deposit.

She collects the rents, handles any tenant issues, deposits rents, does lease agreements, and handles our social media presence.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

My question is do you have a separate account where your expenses get deposited into?