When that happens, you can adjust the rent to match current market rates.

Our lease contains a clause stating the security deposit cannot be used for the last month's rent. 3.

From what I have seen, the typical remedy is termination of the contract, refund of the EM deposit and all expenses incurred by the buyer during the failed transaction.

Each jurisdiction is different, but typically include a substantial deposit due same day up to full price deposited that day. 

I don't care what the reason is; once they put the deposit down, they are under contract.

@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.

Most lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

You lose all of the control and these are long term investments - but in my experience the returns match what I had on the active real estate and I am hiring professionals to manage the assets.  

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

They must sign the form.The IRS offers an online tool that lets you check if the tax ID the contractor gave you matches the IRS records.