You will need to provide a $5000 deposit for each property you wish to bid on. 

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.  

Landlords can enter a tenant's property for a variety of reasons, including: Making repairs or replacements Responding to a tenant's request Removing unauthorized window coverings Preventing waste of utilities Changing filters, testing, or replacing smoke detector batteries Inspections Helping with an emergency inside the unit Posting a notice of eviction"Research your state laws because some of your comments indicate a lack of understanding of the landlord/tenant laws where you are operating (like threatening the tenants to keep the security deposit if they don't respond to you, I doubt that is actually a valid reason to keep their deposit, or evicting for late payments, or charging the tenants for your warranty repairs because you missed your 11 month inspection window which was your responsibility, and it looks like your lease says you can charge up to 18% interest for unpaid fees, is that actually legal?).

I have a clause in the lease that says the security deposit will be held in so and so bank with so and so address and interest rate will be xyz.

Hopefully, they don't go bankrupt lol - In order to get started with the process, I have to pay $1000 deposit. Fully

They were accepting deposits to their accounts just weeks prior to announcing conversion to equity. 

A larger refundable deposit? 

Some landlords report that it regularly takes around six months to start receiving direct deposits from the government.

From mid july I started noticing I have not received any deposits and I thought it might be a delay since it is a new property.

Their most common threat is a security deposit dispute.