From what I gather... his product is secured by deposits (which they may be planning on taking?)

I cancelled a signed lease deal for $1,200/mo and had the deposit in hand. 

No pet deposit, no pet rent, no pet insurance, period.According to HUD, “emotional support animals provide very private functions for persons with mental and emotional disabilities.

A lot of people here might have suggested that you could have already split that up into a deposit on three of four properties, rather than just looking for one that would give you 1%/m cash return.I am among those who would suggest you DON'T pay $90k for properties that appraise at just $90k.

The Original owner , just deposited the $500 into their Bank, and I guess claimed it as Income.My questions then are...1.

You will want to check local law, but in my jurisdiction an UNLICENSED person CAN do the following:  Delivering a lease application, a lease, or any amendment thereof to any person;Receiving a lease application, lease, or amendment thereof, a security deposit, rental payment, or any related payment for delivery to and made payable to the real estate firm or owner;Showing a rental unit to any person, or executing leases or rental agreements, and the employee or retainee is acting under the direct instruction of the owner or designated or managing brokerProviding information about a rental unit, a lease, an application for lease, or a security deposit and rental amounts to any prospective tenant; orAssisting in the performance of property management functions by carrying out administrative, clerical, financial, or maintenance tasks.The key is in how the money is handled. 

John,Both parties have to be in agreement and should sign a legal well drafted document releasing the other, stipulating terms of the security deposit reimbursement.

or can you make a deposit and pay at a later date? 

I know many others charge a non-refundable pet deposit.

She deposited only 1/2 the rent.Nov 6: I served 3-day notice to pay or quit for remainder of rent.