Fast forward to April 2024: I canceled the contract with KS Yoak and tried to get the security deposit, but they sent it to the wrong address.

The challenge is that the property only has a one-hour open house the day before the auction.Here are the details:•Opening bid: $100K•Hard money lender financing: Up to $220K (with my 20% deposit and 100% renovation costs covered)•Comps in the area: $485K–$510K•Estimated rehab (based on pictures): $125KObviously, this estimate could change significantly once I see the property.

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

Be very clear that they must transfer the deposit along with a complete set of tenant records (application, lease, payment ledger, etc.). 

We certainly have some problems with damage, but rarely goes over the deposit amount.

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

I just put down an earnest deposit on a single-family home in the 63134 ZIP code.

Instead of increasing rent, I would look at having the security deposit increased to protect against wear and tear.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Here are some of the reasons:- Americas only 30 year first lien mortgage where every deposit goes 100% to principal. - Americans only first lien 30 year mortgage with 24/7 draw ability 24/7. - The only first lien mortgage in America that recasts interest every time you make a deposit!