Hi everyone, i'm very new to wholesaling, watched a couple videos by Flipping Mastery TV on youtube and after some research, thought i'd do my first few offer calls.I was able to find 2 seller's agents who are interes...

I look at the tenant's financial situation (income security) as a very important part of the property analysis. 

Do you have to keep the security deposit in a separate account?

An estoppel certificate is a form you have the tenant sign that confirms their lease start date, the amount of their security deposit, and other things.

I used furnished finder and keycheck to find tenants, screen them, and collect rent/security deposits. 

I have prospective tenants who signed a lease on 31st of October and paid security deposit same day.

This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.

Consider a cash-out refinance or a small business loan to fund these repairs and secure the property long-term.

@Joe S.I would say BP does a good job as well as its membersFor example when peerstreet went under people were on BP blasting them because “they did not know” they invested in unsecured debt because they noted they invested in secured loansBut if you read the literature it was clear the investors were unsecured even though the company invested in secured loans (which this structure is not uncommon) - they were called out for this.There are components related to communication that cannot be verified unless posted but most documents and property transfers (like the one I assume is referenced in the start of this post) cannot be disputed.

Consider remote monitoring tools (like security cameras), and budget an extra 10-15% for surprises.