3) Is there a formula for calculating the earnest money deposit for an investor-buyer?

Does anyone have their tenants pay rent using a pre filled out deposit slip at the the bank?

@Raj G. these are all legitimate characters he's against a security deposit.

Now, I will hold a deposit for 1-2 weeks, and I will prorate the rent.

They receive a receipt as proof of payment and you receive a deposit in your account the next day. 

Your may be in a tight spot if the security deposit is not enough to offset the loss and damages.

Not to mention you might not be able sell instantly so you'll be "stuck" with holding costs.

No pets or smoking.He has a security of deposit of $500 that would transfer to me.Home was updated in 2012 with new floors including sub flooring. 

I also communicated with the PM about other things (filling the vacancy, another tenant's security deposit, and other matters).

If by the time you complete a background check, credit check, employer verification, conversations with previous landlords, an application fee, deposit and personal interview you're still having problems with your tenants, you're doing something wrong.And if you're unsure about being a landlord in general, then you can either put people on month-to-month leases so you can quickly get rid of them, or hire a property management company to manage it for you.While the landlord laws may look great in some other states, you'll may also be missing out on all the fabulous appreciation that can be experienced here in California.