I required her to pay full restitution to the previous landlord and additional security deposit.

Everything was good until he asked for the earnest money deposit.

Take the March payment and deduct any repairs from his security deposit and you shouldn't have a problem getting it rented for April 1st.

I can see some patch/repair work (which they should be paying for out of the deposit) but not the entire house.

Very difficult to get cashflow unless a substantial deposit is put down.

He needs to make a deposit of about $10k more into his account to make this particular offer.He tells me that once it gets accepted he will deposit the money to show proof of funds.

I negotiated with the Realtor to have them pay me $1k assignment fee and $1k down(they would pay 2k cash deposit either).The Deal did fall apart but the point of the story is that I learned that MLS properties could be sold and to retail buyers as long as the lender is not having to pay for the assignment fee.p.s. the deal fell aprt because the Broker was upset that they would be making a commission on $58k instead of $59k(yes for $1k)then the sellers fell out and the one i was dealing with quit claimed the deed over and got bought out by his partner.

5) Is there security deposit from the tenant?

Never give money to the seller, any earnest money deposit should be held by the title company or closing attorney.

In Maryland we can only ask for first,last rent and deposit.