The agreement specifically allowed KeyGlee to use the End Buyer's EMD to secure the underlying contract with the actual seller... and to forfeit that EMD if the End Buyer failed to close.

There are also a lot of different options in real estate to single family residential, multifamily, commercial, NNN and then being on the debt side of being the lender which has cash flow but not appreciation. 

Good luck on your journey and I hope you provide the financial security you hope for to your daughters. 

Quote from @Jordan Kaylor: I'm new to real estate investing and have secured a HELOC on my existing home.  

Cleveland almost seems like the best option because of the affordability and rental demand, but worries me due to the high property taxes and lack of population and economic growth.

New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.

A good securities law attorney will be able to advise you, on your specific situation.

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

Most work with us, some do not.Be careful also as they may tell you to keep their security deposit as last month's rent.

With inventory expanding, it feels like there could be opportunities to secure deals, especially if the right cash flow potential is there.