Hello @Luis Herna,In this scenario, the buyer should provide the EMD (Earnest Money Deposit), as they’re the one ultimately purchasing the property.

I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.

These self employed 2nd mtg's are typically based on alternative method of caluclation like profit and loss statements if you're self employed or the last 12 months of bank statement deposits using a formula to derive an income from these deposits (like 50% of all annual rolling 12 calendar month deposits X 50% /12 months = monthly income).

For many owners, this is a win.Other owners may value the consistent monthly deposits rather than worrying about the usually seasonal STR incomes. 

Option Fee, Security Deposit, etc) can you do it with no money out of pocket?

@Noah SchulzThe previous owners' failure to disclose a back-paying arrangement complicates the situation, potentially leading to tenant disputes or security deposit concerns.

He has paid rent weekly via auto-deposit into my account for 24 months.  

If it's a wholesale deal then once you find the end buyer, their funds would cover the initial deposit.

You can deduct that amount from the deposit and refund the remainder.

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