Most loans have same processing fee.3 down payment is usually on purchase price. rehab funds are held in escrow, the investor needs some cash in their account to start rehab, when they complete items on rehab they can request a disbursement.4 appraisal is required.

For example: when you get an insurance, you have to make sure that they have accounted for this.

And i just studied for the exam.

That also takes into account paying for property management, vacancy, repairs etc.

Both our tax accountant and financial planner are against the cash out because of the fees, but we have no other option if we want to get into investing in RE.

You also need to study your state landlord tenant regulations before you start you business.Plenty to learn, you are a long way from begimnning to invest at this time.  

I am in the final stages of writing my contract for my wholesale deal (I meet with the sellers to sign tomorrow) and I just want to make sure this is 100% without a doubt right.So, I have it written in my contract that the EMD will be credited to the escrow account at my title company FOLLOWING the 20 day inspection period.

https://www.forbes.com/sites/lawrencelight/2018/10/18/new-investment-trap-tapping-your-retirement-accounts-for-real-estate-investing/

What does this mean and why can’t the deposits go into my personal account?

If you don't have money for maintenance or don't have the team for maintenance, then you have unhappy tenants and eventually an unhappy bank account.