You notify them you will be purchasing the policy for them and doing so with their security deposit money, if state law allows it. 

If you're a wholesaler, dont risk your deposit, and don't waste our time (unless you have a sweet off market deal!)

If you are unable or unwilling to do so we may elect to terminate the lease and request a return of our deposit--which we offered in a good faith agreement that we would be presented with a habitable dwelling--and our prorated rent.

The solution was to pre-lease the unit your living in collect security deposit in first months rent.

You'd need to show the income on your tax returns and/or have a lease and first month's rent/security deposit for the unit you were living in.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

As a PMC, we allow tenants to:1) Mail in rent (we charge a Processing Fee)2) Deposit at our bank (we charge a Processing Fee, but less than the mailing one)3) Use Zelle, Venmo, etc. 

I am looking into a company right now that does rent guarantee insurance and also does in lieu of deposit will issue a bond that the tenant basically gets charged a monthly fee for.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Most lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.