@Ivan Vargas  any one looking for this information on BP is just plain silly.these are complex transactions and the only one who can guide you through them is a securities attorney in YOUR state.   

I don't know what the laws are in Minnesota but in Washington state landlords have 14 days to return the security deposit.

He took the tenant around to various apartments and, once he found one he liked near his job, he paid his security deposit and first 6 months rent up front.

I see a lot about how you should secure your method of financing prior to looking for a property.

The only true protectoin is to file a Security Deed to secure an option.  

I'm trying to find a simple solution to putting the security deposits into a 4 separate savings accounts.

I can offer great returns for investors looking to park their capital in secure, cash-flowing investments.

@Eric Eastman I recommend getting involved with investments that you have security recorded against the property.

I had an offer accepted that was 5K less than another buyer because the seller didn't want to wait 30 days for the other guy to secure a mortgage.The risk to me is low- I don't wait the 6 months because my rehabs are actually pretty low in cost (mostly cosmetic) so I'm good with refinancing 75% of the purchase price. 

    Since your new, and don't even know if you can secure financing .. go ahead and put a mortgage contingency with 2-3 weeks.  99% of the time the banks only care about the net purchase price, not the financing type if it means more money.