After making what seemed to be an endless amount of offers in this hot market, with a lucky turn of events of a sellers contact falling through due to the first place buyer unable to to afford financing.

The security deposit is capped at 1.5x the rent.

In my area tax auctions don't have deposits.

You have security deposit and it's something you can now incorporate into new leases.

The possibilities are endless. 2.

Banks requires (2) months copies of your checking or account for the down payment.If you get the cash into the account 3 months prior it will "not" show as a large deposit that you have to source and show it came from a personal loan which then causes no issues in underwriting.

What is also very common is to charge a more aggressive security deposit or do a regular security deposit plus a monthly Security deposit alternative on top of rent to ensure you are properly Collateralized.

6) MoveIn and MoveOut inspections to document condition for security deposit reconciliation?

Photos and anything else that would help me win the case.I would recommend you do the same and I told the tenant if they do not cause damage to the property or appeal once I won then they could get the full security deposit back.Hope it goes well!

The typical wholesaler is cash/hard money only, non refundable deposit, no inspection period and you pay both sides closing costs.