I cancelled the transaction and requested they sign a release of my deposit, (which was held at my attorney).

., odds and ends left in the house, no furniture), you can officially change the locks and take possession.Send a registered and regular mail letter to their last known address (your property) stating the abandonment and breaking of the lease, and keep the deposit.

"Loans Secured by Financial AssetsWhen a borrower uses his or her financial assets—life insurance policies, 401(k) accounts, individual retirement accounts, certificates of deposit, stocks, bonds, etc.

Also, i take a slightly higher refundable deposit.

I actually have to sign (as the agent) that I received that EM deposit.

Even thouse can be hard to get into without a good deposit.

My partner will probably end up taking title to the property, and can we hold the deposit, and take payments and if he defaults on the payments we have the house?

First off, I will assume that the tenants have some sort of security deposit.

How can I put it under contact with out having any earnest money for a deposit ?

You can take the rent collection one step further by having the tenant deposit the rent directly into a business account at a local bank.