We got the guy out, he forfeited his 2K deposit, and I also got a judgement against him over $4600.

I'm curious: is FHA203k strictly for owner-occupiers, just like the other low deposit FHA ones?...

To state the obvious, it's not like in Australia where you can approach almost any bank with a good borrowing capacity and a small deposit and buy a property almost anywhere in Australia.

Tenancy-start to date deposits, reserve fund minimums, current lease agreements and etc.  

I provide a bank savings account at a bank nearby the properties for them to deposit their checks/cash/whatever.  

Delayed Agreement of Purchase and SalePretty straight-forward, the Tenant-Buyer pays a non-refundable deposit for the property and has a closing date of whenever you agreed upon.

If it doesn't work out and you lose your deposit, you should have learned a lot in the process, met a lot of people and are better prepared for the next deal to come your way.Anish

If they paid 1st and last months and a security deposit then you possibly could keep that but it would really still depend on what's in your lease.

During all this process i have spent a lot of money to do home inspection, paying the seller a option fee, paying the earnest deposit.

I would recommend just continuing with your business as you otherwise would, and when you have a couple new deals that those buyers might be interested in, offer it up to them first.But:- I wouldn't look for deals they specifically want, unless they are deals you'd be willing to do otherwise;- I wouldn't customize a house for them unless they were willing to put a large enough deposit down that it would cover having to remove all of their customizations should they not follow through on the purchase;- I would pre-qualify them as you would any other buyer, and not give them any preferential treatment.In other words, go into the deal assuming the worst case -- they will ask you to do a lot of customizations and then back out of the deal.