Would that just be a check or deposit in the bank that we can then use to pay down our Heloc?

Did you already return their security deposit without checking for outstanding bills on the property?

We can generally look past the number of pets as long as their is either additional deposits or a rent increase per pet.

I'm going to be depositing my checks and if there are repairs I'm going to take it out of this account.

He deposited my check on 5/1.

If you did not win a bid, they should have simply returned the cashier's check you provided them or given you a refund if it had already been deposited in their escrow account, unless there was an agreement between you for them to hold it for the next offer.

This is true for syndications, buying a stock, buying a single family home, or depositing money in a bank.  

I’m Also certain you’re the type of landlord who will find every reason to eat up their deposit when they leave. 

If not you can use a bank statement program if you have consistent deposits into your business checking account.  

However, lots of CUs and Locals are requiring you to keep deposits with them if you want a loan - typically around the 10% mark.