I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.

@Danny RandolphYeah, I’m currently in the construction field and we usually get a 20-40% deposit, then get draws after certain stages/inspections have been passed

thanks for being so direct. the LP bought at 4 cap.

Quote from @Jaycee Greene: Per your message, do you mind if I send you a connection request/direct message? 

For many owners, this is a win.Other owners may value the consistent monthly deposits rather than worrying about the usually seasonal STR incomes. 

sorry if is stupid question Yes.Another strategy is you could inform him to contact the super for any issues and ignore further communication from him directly. 

Again this requirement directly impacts me. 

Some allow cash, most require the 10% deposit to be paid with a certified check made out to the referee but there is no verification of funds.

I'd direct you to this posting, which seems to cover the same type of question: Having a real estate agent VS being your own real estate agent?

@Richard NguyenHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds, and you must pay others to do repairs and manage the property.