This keeps the first party somewhat honest as if the price is too low and is trying to steal it at a low price then the second party will buy it from the first.   

I primarily want to verify identity and criminal history.Since I can't run an application on the company, I usually charge a higher deposit of double or triple the rent or I will ask them to pay first, last, and deposit.I also try to negotiate a cleaning fee and use my professional cleaner after vacating. 

Go to the Wyoming Secretary of State website for the form and instructions.There are far too many novice investors on this forum telling people they have got to set up an LLC immediately or someone's going to sue and steal their house.

While cleaning the apartment a situation occured of her family member stealing something of value of mine that cost $450.After asking the soon to be tenant about it, she stated the stolen item would be returned the next day, and it was.

For the record you cannot be the realtor and wholesaler on a 203K transaction for it would be an Identity of Interest.

An identical unit next door sold for $75000 a couple of years ago.

Understand "why" you want real estate and write down your goalsNo TVNo radioNo social mediaNo games (except family stuff)Turn your car into a mobile university (podcasts, audio books)Get up earlyEat a simple diet (simplicity and mind-share)Keep a simple wardrobe (simplicity and mind-share)Give up social stuff for a year or twoSchedule specific time with your wife and kidsCut out spending that does not align with your goals (requires less income to cover)Tie your identity to growth (mindset)It's time to attack the day (every one of them).

@Merritt S.You are right I don't have much information about whether he's stealing or not.

More recently we boarded up the windows and re-sucured the building as the junkies were breaking in a stealing the stained glass. 

I found out when I go an IRATE phone call from the agent who had last listed unit #2 - she accused me of stealing her photos.