It's always shady when people say you don't need to:)  If you don't trust them you'll want to have your deposit go to an escrow not to them:)

So every dollar we deposit is swept towards the remaining balance, saving us interest cost.

If you are just making a standard purchase, you'll need about $5,000 for closing costs, plus insurance, plus any reserves required by your financing (varies), plus any deposit required by your property manager, plus a rainy day fund in case something unexpected goes wrong.On the other hand, if you can buy it using hard money and have found a distressed property at a great deal, you might be able to get as low as zero out of pocket. 

I want to find a contract the goes over a sublet agreement and I also want to collect a security deposit from whomever I select.  

If you can find and analyze properties but need money - focus on filling in that slot. 

Hello Gurus - I have a question on 1031 exchanges related to the Due Diligence deposit for a relinquished property.

An unusual tenant may find gardening therapeutic, but by far the majority find investing time and money in lawn, shrubs and flower beds the same way they would feel about depositing $100 into your 401K every month. 

And then he had a chair broken, which was a $100 fix, and then he wanted to start charging everyone a $500 damage deposit. 

So, I believe I need to find a payment processing platform so I can collect rents to deposit into my separate accounts.

What today would be a single house’s front yard becomes a collective garden, a deposit of sorts into a community land trust that could one day weave through multiple blocks. 3.