Unless there's a weasel clause to get out of liability, most likely the buyer will forfeit their deposit if they don't close.

Originally posted by @James Wiltz:Yes understood, and that’s what the original question is, I’m sure there is a way that this can be accomplishedSo, if your deal was good enough, you CAN apply for that "Delayed Financing Exception" straight away - without having to come up with ANY further deposit.

In fact, if you send me a check, I will charge you $25 to deposit it.  

I am also concerned about fights over security deposits and any damages that may come out of it. 

You should also receive the deposits.- Our first rental was a 4-plex.

If a foreign citizen purchases property in USA under his/her own name & then rent it out or do a land contract and the tenant/buyer sends him a cheque which he deposits in his own country and pay taxes in his own country, how will he report it to IRS because he doesn't have a SSN or any tax #. 

Set the deposit at twice the monthly rent (tenant needs to know that they will loose that cash if they will not take care of your property). 

Seller is a good friend looking to retire that never took a deposit from them nor did he take care of the units.

Do i need to get the the money made out to my company as a nonrefundable deposit?

. - I train my the tenant to deposit directly in my bank account or via PayPal by the first of every month.