I know I need to hold the security deposit in an escrow account.  

We have to order six months ahead from our Mennonite source and put a deposit down

So, a $2,000 deposit could cost you $6,000 in court.Waive the deposit and raise the rent to make up for it.Back in the 90s we had a 9 plex in Cahokia, IL.

They stopped making the monthly interest payment ever since June 2024 and are being investigated on charges of Ponzi Scam and are not releasing investors original deposit.

Long story short if you are committed to house hacking the sky is the limits and there is endless possibility, it really comes down to your comfort level and where exactly you need to be in New Jersey.

All you are going to do is put a deposit on it, hold it, and then try to resell it into a much smaller network than it is on now.

Dude.. most deposits in the mid west are 500 to 1k..

Or do they just want to sign an agreement to move out in 30 days and you'll give them their full deposit in cash on move-out day, if they leave the place clean?

Are you only referring to damages in excess of the deposit?

I gotta say, I had a hard time deciding on the monthly rate and deposits.