They will appear (along with others that match the first three letter) below the reply box.

After you receive the first months rent and deposit, the second month's check will bounce, followed by many excuses, deaths in the family etc.  

Same for their side ( new annual property insurance, pro-rated fees, escrow deposit ( 2-3 months, etc). 

He took it as is and gave me his non refundable cash deposit on the spot.

In Texas the lease is superior so the sale includes the obligation to honor it.The seller should have the deposit, so at least you get that with the sale.If they are delinquent, you will have to give notice and file for eviction.Faster is better.

I would insist they deposit it.

I don't mind younger tenants at all but in my multi units I try to match tenants.  

The most money you need is for binder deposits & you won't be getting any new loans so you don't need credit.

The nice thing about buying from other landlords is that since they're already used to getting monthly payments (rent) with small downs (security deposits) they're often very receptive to selling on land contract or other forms of seller financing.

@Jillian JohnsonFollowing is some information regarding the self-directed IRA LLC.The Checkbook IRA Do’sDo open the checkbook IRA bank account in the name of the LLC, not in your personal name.Do use the LLC employer identification number (EIN) when opening the checkbook IRA bank account.Do title checkbook IRA investments in the name of the LLC, not your personal name.Do pay investment expenses associated with the checkbook IRA assets (e.g. for a real-estate property, this entails paying property taxes, property insurance and repair costs) using checkbook IRA funds not personal funds.Do deposit investment gains into the checkbook IRA bank account.Do manage the checkbook IRA but do not receive compensation for doing so.Do make IRA annual contributions to the self-directed IRA first not the checkbook IRA.The Don’tsDo not use the checkbook IRA funds for your personal use.Do not use the checkbook IRA assets (e.g., for a rental property, do not live or vacation in the property).Do not perform repairs on real-estate property owned by the checkbook IRA as you are a disqualified party.Do not deposit personal funds into the checkbook IRA bank account.Court cases that support the Checkbook IRA arrangement Swanson v.