Hello @Luis Herna,In this scenario, the buyer should provide the EMD (Earnest Money Deposit), as they’re the one ultimately purchasing the property.

Hi BP team,I recently put a property under contract using a California realtor.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

I have been doing the property management and leasing myself, while sometimes trying to handle maintenance.   

I also think micromarketing is best for newer investors.Some things to addTailoring your lists - like focusing on absentee owners, properties with long-term ownership, or pre-foreclosures—can improve your response rate.Consistency - It’s rare to get responses from a single mailer.

Tell them you want to start marketing and showing the property immediately.

Near the University of Houston and Texas Southern University, these areas offer rental properties and investment opportunities.Good Luck!

My property is in a depressed area walking distance to the largest employer in the area which is a shipyard. 

If I could offer one key piece of advice, it would be to focus on building your CORE 4: a great realtor, contractor, attorney, and property manager.