We did give 50k deposit up front which he says he will use towards finishing up.

It saved me when things got real (hello, crazy boyfriend with trust issues).Security Deposit: Non-NegotiableOne full month of rent as a security deposit (at the very least!)

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

Now, I'm imaging a scenario when every one of these tenants move out that I'll be paying their entire security deposit + interest even if there are damages beyond normal wear and tear. 

Hope you don't put down large earnest money deposits... these guys will make sure you lose them! 

You can't beat the price, either, or the interest rate on deposits.

Each jurisdiction is different, but typically include a substantial deposit due same day up to full price deposited that day. 

Did you collect a pet deposit?

The reason for this email is that we need to schedule a call with a representative about our direct deposits to our bank account, we keep having the same problem every month.

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.