Depending on your lease, this is also grounds for keeping their security deposit so use that as needed. 

They can hold the lot as collateral and they would get to keep the deposit too if the owner defaults.

Some hard money lenders want to see a bank statement and will ask for a letter of explanation if they see a large deposit, others wont need to see a bank statement at all, in fact we would only need a stated personal financial statement.

Are non refundable pet deposit taxable income for my rental properties?

How would I send the title company my earnest deposit, would it be via wire or check?

Run the numbers and you may be better off keeping your money in a deposit account that earns 5% (or look for something even higher) than buying a rental. 

In this case, if you have a documented list of damages that the previous tenants have done, then this is fair grounds for you to deduct it from their security deposit. 

I am going to drive for dollars and was going to print mailers from my vehicle to deposit into mailboxes.

Our offer was accepted and we provided a nonrefundable $1k deposit , 10-day close.

Do you charge pet rent on top of the deposits or just the deposit is good enough?