I deposit my paychecks there and for all the time the money would usually sit idle until the bills are paid, the heloc interest calculates daily, so it would be lowered by my deposited income.

Also make sure the current owner gives you the tenant's deposit as you will need to return it in full when the tenant leaves (because you don't know the condition of the home when they moved in) as well as prorated rent.

Total checkable deposits for the bottom 50 remains high.

I recently attended a probate sale and it required 10% offer price of deposit to be elligible to attend the bid.

Are you a mom and pop landlord whose most likely risk is a premises liability claim likely covered by insurance or a small claims suit for return of a security deposit?

As a different example altogether, when I rehab a property, I deposit the budgeted money into a separate bank account and all expenses for that rehab are paid out of that account.

I also know that doing a 1031 exchange will enable us to carry all of the proceeds from the sale as a deposit on a new property.   

Did you have a deposit when u bought the property?

I made it abundantly clear verbally and in writing that I need receipts and invoices for work completed, because it was to be applied against a tenant security deposit. 

Thanks for your response.If current owner has no security deposits in escrow am I allowed to require deposits or renters insurance upon closing the sale?