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Usual is 3x rent, sometimes you see 2.5X rent.Your idea on deposit besides being illegal would be very bad for your units as there would be little justification in them taking care of the unit.Items that we list as mandatory to qualify for our units: No evictions (ever), Verifiable income 3x rent from sources that are at least present for 6 months, Cannot have been in more than 2 residences in previous 5 years, no missed rent payment on credit report, good credit, non smoking/no drugs, about 75% of our units do not allow dogs or cats, strong LL recommendations. 

It is illegal to turn off the tenant's water in 99.99% of all cases, but you can talk to the Texas Manufactured Housing Association (TMHA) in Austin and they can tell you your rights as a park owner.

Especially if you end up charging the wrong rent, using a lease with invalid/illegal clauses, violating a law/statute, lose more to vacancy while you learn than you’d pay for the PM. 

Our first househack was and illegal quad, legal duplex.  

You usually don't hold on to flips for a year.A QI, or Qualified Intermediary is required in these transactions and you cannot lay your hands on the funds, the QI must hold on to it in the process, else the 1031 transaction is disqualified.

"Frankensteining" your transaction by buying personally and flipping it into the LLC is poor strategy, albeit done often.Hard money lenders generally prefer, if not always, want a LLC because it also protects them. 

So if you find one whose willing to operate in truth, honesty and integrity then they will not have a problem with the following (13) Rules of Engagement I have created when dealing with PMLs.1-I require that we transact all business using a local Title Company of my choosing, using their resources (i.e. title search etc), their loan servicing capabilities and an attorney of my choosing to draw up contracts. 

Wholesaling illegally, especially high $ houses, is a risky business.

My concern is though there are laws in place that make it illegal to market a property with the expectation of reciveing a commission without a license, so from my understanding that would make wholesaling in Ohio is illegal.