Turns out he had no control over the deposit, VRBO arbitrarily refunded everyones deposits.

In Missouri, the statute for security deposits (RSMO 535.300) says this:"Within thirty days after the date of termination of the tenancy, the landlord shall:"  1) Return the full amount of the security deposit; or(2) Furnish to the tenant a written itemized list of the damages for which the security deposit or any portion thereof is withheld, along with the balance of the security deposit.

Make a list and deliver the security deposit back to the tenant minus the repairs; supported by invoices.

Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 725k- Rent $4100Option 1 - Leave your DP inCF $1,100Cash on Cash ROI - 8%Option 2 - Refinance Take out all your cash and get extra 35kCF $450Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...

I am retired, but, I trade Futures online and I will have a lot of Cash to deposit in the Banks.

You would have to pay the deposit in cash up front and the lender would be how you pay the balance provided the time gap is long enough.

If you wait until the situation presents itself and then try to fumble your way through it, the tenant can see that as a sign of weakness or think you're trying to gouge them.Final note: DO NOT let the tenant use the deposit to pay the termination fee or last month's rent!

In this case I will need to deduct from their security deposit.

Each account has a checking and savings. the savings is for deposit escrow.

The assignment contract should be one page or so, and should address the deposit and assignment fee, and when those are to be paid.