Was this deposit accepted on the pending review or verification of application, documents, credit & background check?

Do you just put in a clause for it and hope for the best after the first verification?  

It would not be acceptable practice in most places to require an application before seeing a property...in fact if I were a renter and someone asked for an application before I saw a property...I would assume they were trying to steal my identity and did not actually own the property in question.

This let's them pull the cash out and put the property into another program for 3, 5, 7 years fixed (no income verification).

For example, I had a guest put their fist into a tv, I had to submit pictures, a receipt for the tv, and a link to the identical model so show cost of the unit.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.Although Single member LLC are more prone to failing the separation test, these steps will also provide a better defense against other creditors attempting to prove to pierce the LLC veil.SMLLC does not file its own tax return, meaning it is disregarded for the tax purpose, so you will still report the rental activity at Schedule C of 1040. 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Income needs one or two year verification.

If so there will then be only one data point instead of two of recent, identical sales.