The purchase price was 845k and the rehab was going to come out to 380k with an ARV of 2M.During the process, our contractor unfortunately took our deposits and did not complete the job.

Offer some incentives like paying for their move or covering the security deposit and first months rent at their new place.

He was able to fight the mugger off and then had him arrested - which is how the scheme was revealed.Only logical reason to accept cash is if you're trying to hide income from the IRS.Otherwise, require your tenants to send you money orders or deposit cash rent into your bank account.

So they never sell your contract runs out you wasted marketing money time and sometimes EM deposits etc.. 

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

It is still sitting unsold and I have my deposit money back.

***I had a nightmare tenant (let's call them The Crystals) that didn't provide a fwd address either in the past and kept saying they would sue for the security deposit blabla but never did anything, kept the security deposit for their last month so they didn't overstayed, therefore I didn't chase them for the rest of the lease amount since they vacated, happy they were gone.In the case actions I see an officer was assigned, this is the first time I see this portal (created account to be able to look up the case once I saw the Rushmores packing up and leaving?

Use Bank statement program, Use No Doc/Lite Doc/ 1 Year 1099 - or DSCR for (Investment only) Use Asset lending where you do not need a large deposit and the liquid reserves or assets acts as the collateral to offset risk.

In the event you miss calculated your equity potential, you should be fully ready and able to settle the transaction or be prepared to lose your initial deposit. 

Also, some utilities may require a deposit, so it's best that the tenants contact those utilities ASAP.