Because we didn't verify rent deposit at acquisition, we had to evict almost everyone after purchase.

(Anyone can make a deposit and she could write checks or use her dads credit card to anyone not taking payment in person.)

Yes the money placed in there is called the Earnest Money Deposit. 

If approved it’s one more button to make them a tenant, where a lease is executed for digital signing and they can log in to pay deposit and rent. 

I would not, however, accept the "best" match, I only process one app at a time, in the order received (and complete) and either reject it and move on, or accept it and collect deposit to start the signing process.People always talk about the "guaranteed" checks from various HAPs.

We also learned to verify rent deposits as many tenants were not paying rents, even though the sellers made us believe rents were current.

That's really, really common question and the short answer is if you pay for it, you're entitled to it , while you may not be able to use it in the same capacity, in general, if you pay for it, it's your report.Number Seven Is there a good faith deposit or a rate lock fee?

Main things I am clear on is what the rent is, when its due, the grace period for late fees and where to deposit the rent.

Larger security deposits may alleviate the low credit score issues but the offender registry is difficult.

They do not provide an accounting of your cash flow, re deposit uncashed checks, etc  they will not honor checks after 90 days ( normal procedure) but will not credit your account either  you must pay a $50 fee to stop payment & have $ put back in your acct .