Kraken, a large crypto exchange, was given a banking charter license in Wyoming, where they are opening a physical branch, which will hold 100% deposits in cash reserves.

They can ask you to serve notice so one unit (or both) are vacant at the time of possession, but if you agree to that make sure you have a large deposit and some of that is not refundable if the buyer backs out as you will need it to cover the lost rent.

There was a direct deposit on same day as the payment which would have made the balance enough to cover the rent payment.

Also, when using a wholesaler, I put a deposit in escrow so they knew I was serious and could pull the trigger quickly.

Snow is asking about the deposit required to go into escrow not the down payment.

Your should be getting a monthly P+L statement from your property management company and a year end statement at the end of the year.Give your accountant your bank statement where the money is deposited and the P+L from your property manager and you are all set. 

This is allowed in CT.When Do Landlords Have To Return Security Deposits?

@Walchli DonnaIs this where you take a line of credit and use it to pay your regular mortgage but put all your deposited money into a HELOC?

But I think im worried about whether or not I can get my deposit money back if someone else bids more than I have.I know a little about permit expedition, if that can help me save money. 

You want proof of deposited payments in a bank account.