Of course he's not getting his deposit back.Put an eviction on his record and he will be paying for years to come.

Hi All, am trying to set up auto rent deposit with my tenant.

When I am dealing directly with property owners I often give only a $10 or perhaps a $100 earnest money deposit.

I used an option to purchase the property, the option fee was $100 but I only gave her $1 as a deposit with the rest to be paid once I exercised my option.

As Jon suggests,their is no getting around your earnest money deposit.

Get earnest deposit?

Does this contract give you exclusive rights to sell the property for a given timeframe (ie the seller can't sell it to someone else and just give you your deposit back, if he finds a better offer?)

Under the best of circumstances, it amounts to getting the check out of the mail and depositing it at the bank.

It includes all the basics like how to advertise, screening tenants, Fair Housing law, security deposits, rent disputes, dealing with tenants, etc.

- When I said 'wholesale buyers shy away from the mls', I meant that when the End Buyer is contacted by the Wholesaler, and they do their due diligence, it is a major turn off if it is under deposit on the MLS.