For the month of August 2024, they are saying that they have hardship and want me to use the money they paid as security deposit (2X rent).Legally, am I required to use security deposit towards rent when they are delinquent or can I move forward with eviction process?

The Mortgagee must obtain a lease agreement of at least one year’s duration after the Mortgage is closed and evidence of the payment of the security deposit or first month’s rent.

What kinds of deals are you working on right now, and what challenges are you facing in securing funding?

It usually starts with a notice being posted, so get that done asap to 'start the clock'.Keep in mind you should receive their security deposit as a transfer from the previous landlord as a part of closing, so that will at least compensate you somewhat for the lost income if they haven't trashed the place and such.One other set of questions would be - do you want them to leave?  

cast a wide net, get preapproved with a lender, and look at lots of properties in person. 

We have just 5 properties, but with turnover each year, it is very time-consuming to figure out security deposit refunds net of any deductions.

I am having land cleared soon for either 4 single wide homes or 2 doublewide homes.

That's a wide spread. 

Securing a strong deal upfront is crucial, and adding a buffer for unexpected costs is a smart move.

There has always been a wide range of commissions.