I'm not sure where they draw the lines, but they're more optimistic than regular mortgage loans as far as credit score and number of financed properties.

Banks do the same thing, each month they have a percentage of tenants that are late, or don't pay, they draw lines in the sand and apply force at each interval till they have to foreclose on the loan.

Typically, a nicer house, school district, walkable neighborhoods are more expensive, draw a "better" tenant but also cash flow less.

I would recommend that you get a real estate attorney to draw up any mortgage/sales agreements.

So the withdrawal time frame is to cover them if they change their minds.Agents don't draw up contracts, lawyers do.

In other words, agent draws up the purchase contract with no need for attorney approval?

The fact that you're seeking financing so aggressively and have not been able to procure a deal draws some attention.

Then just set up draws and make them prove they are at the next draw by picture and video or walk the property yourself if you are in the area. 

(guilty)taking a deposit or draw and running to vegasSharing rental package with other investors. some buy and hold guys have a look  they dont want you doing their look for your other clients.

Hold Tony's deposit, contact him and demand January rent, in the interim screen the new tenants, if they pass draw up a new M2M lease beginning February 1st. and collect first, last, deposit etc. whatever your state allows.