Just participated in their webinar, which wasn't live, but just a video at the end when he was showing testimony, he said that guy make a first deal with paying EARNEST Money DEPOSIT with his OWN money!!! 

Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.

Earnest Money DepositAnd if you want to cover all your bases, you can also consider saving for an earnest money deposit (EMD).

Just food for thought- It's not always in your best interest to provide all of the materials, negotiate too hard, refuse to pay a deposit, etc.

We gave him 56k in deposits and he will not even pick up his phone or engage in a conversation.

If they pass the screening, also find out who is paying the deposit as that is the person you will be returning it to once they leave.

Furnishings cast slotted for the property." - If you get creative on this maybe it's enough to the make the numbers work. 

The numbers no longer look nearly as good on these investments (now more like speculation) and I will now be forced to get my deposit back or accept this new price.

A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

You could put a small deposit instead of 20% on a loan.