Project Parameters:Flips only, no buy and holdResidential onlyCost to Value (purchase and rehab budget) to be around 70% of ARV or belowProfit is shared at 50% (after costs, deposits and fees)Properties must have $50k profit or morePrefer homes in suburban areas with area population above 100kMost projects approved will be flips, wholesaling to our network is considered as wellSales contract should be in your name and assignable (we can make it work if it isn’t)Please include the following information in when submitting a project for evaluation with our funding group:-Stage 1-Initial Project Submission.

It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.

How are people holding security deposits in NC?

In my financial statement to the tenant concerning the deposit I itemized all the deductions. 

Always allow pets no matter what they have, just charge more if you think it's a higher risk pet (best practice is to actually specify pet fee and pet deposit in the Ad). 

I try to have as much as possible EMD (not standard EMD requiring a signature from the buyer but non-refundable or as a security deposit) from the end-buyer.  

You had to looks at and confirm the lease terms (length and cost) as well as security deposits and so on. 

That being said, if it's in the contract but you just didn't deposit it, then you would simply be on the hook for it.Same goes for the end buyer.

Some lenders might accept Airbnb/VRBO income reports or bank statements showing rental deposits, but this is less common.

We didn't want to mess around with a rental agreement and a deposit etc., because it is short term, 30 days or less.