If they move in on a day other than the first, I still collect one full month's rent plus deposit before they move in. 

All contracts are signed, and escrow has been opened with earnest money deposit ($3,000 from assignee).

All contracts are signed, and escrow has been opened with earnest money deposit ($3,000 from assignee).

My inclination is to refund her within 30 days after the moveout date but she is citing that that is illegal in TX as prepaid rent can't be used as a security deposit.

fastforward to present day there is a first position lien of credit for 1-4 unit non owner properties up to 70% if thats what you're looking for max 6 financed properties up to 1 Million loan amount max 250k cash out.This is an all in one or AIO loan that acts like a line of credit and at closing you're given a checking account that sweeps any funds or deposits in the account and applies it to principal first on your loan balance nightly.Interest is accrued daily based on a 365 daily basis on rate % / 365 days but not charged to the line till the 20th/21st day on the following month akin to a grace period meanwhile all deposits swept over nightly are applied to principal first.if you have questions on the product or how to utilize it your investing strategy let me know.

@Elizabeth Wilson  EM= Earnest Money Deposit  .... 

COULD I SUBMIT AN OFFER WITH AN EARNEST DEPOSIT OF 5K REQUESTING THAT THE SELLER ALLOW BUYER (X) AMOUNT OF DAYS TO ESTABLISH FUNDS?

If it were me, I would use it to make cash offers on properties to purchase, get conventional mortgages after closing, and re-deposit the money back towards your after the conventional financing is complete.  

I collect rent by having tenants deposit into my check my account then sweep the money at the end of the day.

If it is a restaurant, seek a higher security deposit too since the industry can be so volatile.