You don't actually hold the deposit, from my understanding. 

However, you are going to forfeit any Earnest money you have deposited onto the home(more than likely anyways, it depends on the fine specifics of your contract on the offer letter).

If you do add pets to the lease, I HIGHLY recommend a non refundable pet deposit.

I see there is also an option for business deposit accounts.

From what I've seen, I don't think it's worth backing out and losing your $10,000 deposit.

Then tenant signed the lease, paid the security deposit and prorated rent for the month, moved in on the same day that the inspection passed. 

Who knows, but the opportunity to keep a $10k non-refundable deposit when your partner decides not to fund is a slimy business model in my view.Separately, I had a very friendly conversation with one of their reps some time ago and we discussed pricing.

"On execution of this lease, the tenant will pay the landlord a security deposit of $1,000"b.

Having good processes in place is particularly important for tenant screening, move-ins and move-outs and the handling of security deposits, but I don't know how you can have processes to guard against criminals and unfair government policies like those in place in some areas during the pandemic.

When you get to the point of renting out the unit make sure you get a NON refundable deposit if your state allows it to keep them honest.Good Investing...