It will be used for damages, including the ones they've already done, and damages that exceed the deposit amount will be billed to them.  

Another cheap "amenity" I included was a high quality putting green matt (6x12) I bought on Amazon for $350.

If one believes everything somebody (including professionals) or something tells you, you're in trouble.

Well if you live in a massive apartment building the debt that underwrites that building is likely a commercial loan wrapped into a security instrument.

These activities include shopping for mortgage, communication with lenders, going to open houses, doing comps for putting in an offer, analysing disclosures, and closing activities.

Your costs include no soft costs (settlement, permitting/entitlements, finance charges, insurance, taxes and utilities.

We knew it was a great deal but with bad pictures and being in rough shape we made a quick offer slightly above list price, limited inspection and quick close and included a quick acceptance deadline so we others couldn't see the great deal we were seeing and they accepted!

@Davis H Son  Jon included a link to a post I made over the weekend.

The number usually varies from 10-20% depending on credit score, property analysis, etc.Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab.Once the property is ready you can sell it or if you want to keep the property as a long term investment, you can underwrite the loan based on your income /debt to income (DTI) ratios or you can go the DSCR route where the loan is underwritten based on the actual or market rents from the appraisal.DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

., you sell your investment), you may be able to use any remaining suspended passive losses to offset other forms of income, including non-passive income like W-2 income.It's important to note that tax laws and regulations can be complex, and the treatment of passive losses can vary based on individual circumstances and changes in tax laws.