Failure to do these two things results in being thrown out, and having their slight belongings thrown out.Then they are homeless and must couch surf with friends until they can come up with another deposit of X weeks rent for another similar weekly room situation.The renters cash income may come from a job, or other (extra-legal) means.You will find situations like this in tough neighborhoods, and if Section-8 finds out about it--Mrs-X will be off of Section-8 for some set period of time, and have to fend for herself housing wise.

The wholesaler spent about $120k in EM deposit, new survey, Phase I, interior survey, and some letters from city on zoning.

It has been a whirlwind of learning, and its time to start putting that to work.There are two things that keep coming up which seem to be key to your success:Get leads, leads, and more leadsPlay to your strengthsThere are several strategies for getting leads the ones which I am looking at using are, Real Estate Agents, Wholesalers, Investors, Driving For Dollars, and Mail Campaigns based on lists matching conditions. 

The title company sent the escrow deposit to the seller.

If less, I would require an additional deposit.)

They can be wired directly from the donor's account at closing or the gift donor can deposit them via check/wire (NOT CASH!)

To execute the plan, you would then need to find the markets where the financial profiles in these markets, and the strategies to be used on th properties in these markets, match the criteria designed in the plan, at each timeline in that plan.

Leave without a blemish on his credit and receive his security deposit by ensuring I don't have to do a "trash out" If September's rent isn't paid, I'll have to pursue eviction and I won't be assured he'll be out in Oct. 

-Which deposits are returned and which do I keep?

Monday 9/13 was the last day of the inspection period so yesterday 9/14 is when I was supposed to pay the earnest deposit.