The deposit is for cleaning and maintenance AFTER the tenant vacates.

I want to start my mail campaign 1/1/16 and am committing $1,000 per month to mailings and will commit to six months.I should generate some leads...hopefully I can close them.I am soliciting for your feedback, suggestions and/or comments......I hope you can find the time to respond to help me.Thanks in advance,Clary RobertsWish me luck....

This was a reply to my email stating that after a discussion with an attorney, he advised me to offer an option to close on the house by Feb 1st, 2016 or received his down payment back minus legal fees, cleaning and repairs costs.

Let's not forget that the best minds of more than one generation are working in the RE spin biz.

You need to find a way to generate deal flow on your own without the use of brokers or figure out a different place to park your money.  

You may want to consider a strategy such as Cost Segregation to help lower your taxable income and maximize current year deductions to generate a loss that will carry over.Third, You NEVER want to hold rentals in a corporation.  

Infofree (lead generation site) offers a list of property owners that own their property free and clear I believe as well! 

The boat slips are rented seasonally, paid up front, and currently generates $2,000/month (when averaged over the year).Total monthly income: $11,250 ($135,000/year)Expenses run very low, from what we can tell, listed annual expense:RE Taxes :12,000Insurance: $6,500Water + Common Electric: $3,000 (heat and hot water is paid by tenant)Maintenance + Repairs: $2,000Management: $10,000If we do 40% down ($700,000) and finance $1,050,000 @ 4% over 15 years: $93,300.Add for vacancy, misc, etc...  

The rooter guy says they can be cleaned with the rooter, the jetter guy says rooting doesn't work but they can be jetted and the plumbing contractor says neither of those will work they have to be replaced with plastic.I'm not expecting any trouble like this but forewarned is forearmed.

They called and told me the keys were on the counter, that the house was clean, and it was ready for the next tenant to move in.Click on the link below to see my YouTube video of what I found.