If you just simply allow tenants to walk into a bank and deposit any amount (on any date) they choose it could delay the eviction process.

I have an additional question though.

Or does this seem to be a way to build wealth as long as you actually can construct a list of cash buyers to be partners with who know the Market and everyone walks away from the deal happy.     

Additionally, if anyone has any ideas on how to find market lease rates and companies or firms that build steel warehouse buildings that would be greatly appreciated as well.Cheers,Mike

The cap rate is still at 10%, and assuming other buyers in your market would only pay $1,000,000 you have additional risk.If you are analyzing deals involving cap rates, it would be highly advisable to consult with a commercial broker that knows the local market well.

I have been listening to the podcast and am getting really excited to learn all about the different ways to earn additional income as a real estate investor.

Keep the rest (117k) for savings/additions/whatever else/maybe pay the monthly mortgage??

Failure to do so results in having to refund the entire security deposit, PLUS an additional 100% of the original deposit. 

In addition to the local REIA's, check into local real estate Meetup groups (Meetup.com) and there's also area-specific Facebook groups.

I want to add it to our rental portfolio.