In his affidavit it has the correct legal description that matches my cash sale, but I am not sure if that is good enough.

Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit.  

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.

This is very important on the back end if you have to impose claims against the security deposit (at least in Florida).4) Read your management agreement thoroughly and know the cancelation policy. 

Also collect at least 1 months rent for the security deposit. 

The lender is harmed because the risk he assumed is no longer matched by the interest received.

Some states also grant tenants a ROFR to buy the house they're living in and there are all kinds of notices that have to go back and forth when you accept an offer to give the tenant the opportunity to match it.

It has been over a year since we stopped working with your company and I still haven’t received my tenants security deposits.

Hi Ryan Biankowski if it were me I would keep my $10k in the bank for holding costs as well as you'll need funds for items you need to put deposits on like cabinets, counters etc.I would find a great deal, use an HML for my first position lender and a PML for the second.

We are passed all contingency periods and are ok with losing the earnest deposit and moving on.