Takes rent money directly out of their account which is usually deposited by the 5th of the month directly into my account.

More standard income variations are: asset depletion (using reserve distributions as the proposed income) or average personal or business bank statement deposits over a 12-24-36 month period. 

Every month I would layout the "mailbox money" on the dinner table and get things ready to deposit.

My partner gets mad at me when I stay up in the morning to do real estate stuff whether it’s going to a property to meet a contractor or head to the bank to deposit rent checks.

Do you see banks being flush with cash on their deposits and balance sheet? 

I didn't dismiss the idea of looking into getting into wholesaling, but you have to deal with earnest money deposits and they are super expensive.

Assuming everything turns out with the check I sign the lease and get the security deposit.

You pose a good question.It looks like the “about $65,000” that’s being transferred to John’s PFS could have been calculated by adding the $8,450 Tenant Security Deposits to the $56,541 Total Owner Equity, for a total of $64,991.

My best advice is to get a double deposit.

Purchase price: $46,000 Cash invested: $38,000 Sale price: $68,000 Live in fix and flip, admittedly the cash for deposit was a gift, leaving me time to live in It and fix things up.