It may be that they are underwriting the property at a significantly different valuation than what you are using or that they feel that you or the deal is excessively risky.Great advice here, and a good HML will have an account rep or someone to communicate with you through the process so that you know. 

I actually recently met a real estate agent who I've become friends with and will be helping him with some of his properties to get some first hand experience. 

Don to me  passive you are not on the Checking account and Active you are on the checking account.

That would be around $90,000 sitting in a savings account!

I will hop right on that Sir, soon as fund retainer account to do research work for ya.... 

Would you take an escrow account with a deposit?

There was a post also where I believe Carlos made a comment that the LP’s should also take some accountability.

Definitely consult with your accountant on that.

Property manager (PM) 's lawyer continued the case to get the unpaid rent from the tenant.PMA between landlord and property manager(PM) has also expired so landlord got the property back , but when landlord requested to settle the account and the deposit( there is one month deposit from landlord also), PM refuses since the lawsuit is going on with the tenant, Additionally PM is still charging the monthly property management fees from landlord even though landlord is managing the property.Landlord is done dealing with PM and requested the PM to withdraw the lawsuit against the tenant ( landlord is aware that he will loose 2 months rent), PM came back saying they cannot withdraw the lawsuit since that will violate fair housing law.QUESTION:Does withdrawing unpaid rent case against the tenant violate fair housing law ?

I took into account a likely cheaper labor rate but will say when we owned units in gulf shores that i was not encountering that low of a labor rate.