As part of the re-qualify, you follow the whole same procedure and receive the full amount of escrow.

I suppose there may come a day when someone takes me to Court over a kept deposit, and perhaps I'll lose because I wasn't overly forthcoming with the document itself (simply waiting for them to ask) - but I'll place many good tenants with the procedure I have in place before that day comes!

Do not change the locks before they have vacated or you have evicted them through the proper procedures.

@Lelith WalkerYour governing documents should outline the procedures (judicial foreclosure, non-judicial foreclosure, etc.) the state of New York may also have provisions in their condominium law that governs how you can collect.

First of all,  Security deposits  as rent should ONLY occur on the last month, and never before then - - otherwise you have nothing to hold over for damages on move out.QB is poor when managing security deposits, and when I asked this on a QB forum, you should have seen the procedural mess that was suggested to make it all work. 

Thanks for breaking the procedure down in simple and relatable terms

What's the legal procedure I could do that?  

Or is it standard procedure and something that will be handled at closing?

The process is fairly smooth in terms of actually bidding online, but you must follow all procedures as outlined on the site for them to look at the offer.

yes, i am well aware to the specific performance procedure, i didnt know that it will cost me only 2 lawyer hours.. i think that is the route im gonna go with cause my research didnt yield more creative options.thank you all for your comments!