Please kindly advise.

Since you seem to deal with transactions like this daily, would you advise taking this route?

I would advise to go to Home Depot make a list of items and prices like cabinets, sinks, tile, paint, Sheetrock, toilets vanity, water heater, boilers or baseboard heaters those are the main things you have to deal with inside the house.

Advise like this will help greatly.

Deposits could be made at any time and allows the business not to have cash or checks kept at the location until the owner could go to the bank.My business banker in Charlotte reports that she advises new real estate investors with tenants to use these cards.  

I am very upfront when you put in an app of what my monetary requirements are.

I am always happy to answer their questions, and go so far as to help them write up their first deal, or advise them on contract negotiations, or help them save a deal that is falling apart, you get the idea.  

On that note: Us newbies get tons of conflicting advise about how to approach wholesaling (bandit signs or not?

Also I was advised if you bid full payoff at foreclosure auction in Alabama you cannot go after them for a deficiency judgement either.

I know market is tough right now but can you guys give me an advise.