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.

However, when someone breaks a lease early, they are often not in a financial position to pay those, so you can apply their deposit to those costs, and after that, good luck.  

Are you depositing your pay in the bank?   

I built into my analysis of each property monthly deposits into that account to cover those contingencies.  

If I think about canceling the contract, I am very sure I'll not get the 10% earnest deposit I already paid.

It has to be secured before we can close, the reason we have requested a 50% deposit and other balance paid once closed.

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(Q3)Security deposit is another area that I need clarifying on.

If it gets harder to evict tenants, landlords will require higher deposits and rents to make up for those potential losses.

What happens to original security deposit from original 12mo lease?