If during the tenancy you decide to switch bank accounts to hold the deposit, you must give the tenant notice of where the money is being held within 30 days of moving to the different account.

I think they are trying to take advantage of me and maybe money is probably tight for them and they are just trying to use me!

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That's where I save a lot of money on the build.

Those are all fixer-uppers and people are using hard money to minimize cash out-of-pocket.FWIW, cap rate is an irrelevant metric for single family, which uses comps to determine value. 

You have the option to put less money down and thereby leverage the banks money if you choose. 3.

You can learn from books, talks, online lessons, meeting people, getting your money ready, looking into things, types of houses, help from someone who knows, and lessons from pros.

Losing money is not fun and it sounds like you have to go get it situated before you keep bleeding money and not knowing where your money is going

If not, why not just give a sizeable EMD (earnest money deposit) into escrow and close on it in 120-150 days.

I’ve searched through most hard money lenders and they are all around the 75% or so.