.: You don't need insurance or a deposit.

First of all it's very rare a seller gets a buyer's EMD deposit for buyer's financing falling thru.

If they fail to handle it, I will do it and charge them for my time.Another change I made was to add a no-deposit option to all my residential rentals.

You'll be tagging transactions throughout the year with categories that fit the Schedule E so when tax time comes (if you stay on top of it) every deposit and expenditure will already be categorized and it's quick to create the Schedule E and/or run P&L reports any time you need to.

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.

The problem is that they do not usually give this to new people and/or people that do not have big amounts deposited into their accounts.I'm also CT based. 

WE get our spec loans from local community banks that specialize in lending to business's in the community.. they are not retail banks they are not looking to amass huge small time checking deposits..

Sometimes it can be difficult to collect and some landlords will keep any unpaid utilities out of the security deposit, though CA is one of the trickier states to do this in.

We gave him 56k in deposits and he will not even pick up his phone or engage in a conversation.

His wedding venues in Dallas all shut down suddenly recently & left many couples out their deposits & venues!