3. what type of deposit / reserves can you provide in case the monthly rents you receive do not cover the rent you pay me?

It's no guarantee but it's a good place to start.

Chances are you have someone with honor transparency and integrity on your hands and that is very rare.If the answer is no... well, if he lied to the homeowner, why would you think he would not lie to you?

The first month they were late on their rent they explained they couldn't pay and asked for their security deposit in exchange for the keys.

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.

Hi all! I have a 2/1 that I will be listing soon for a Tenant. I don't have the room to add a Washer and Dryer, so I'm trying to come up with a solution that I can offer. My Tenant will be responsible for water and el...

You have decent cash flow that you'll continue to accumulate, which you could put toward a deposit later for another property. 

Quote from @Gene Jung: Hi,Assume there is no cost for mortgage requesting for my lender.

It's no guarantee but it's a good place to start.