Then after we got approved we put the deposit down, we'd know we couldn't get our deposit back if we changed our mind. 

I'm to believe I need 10k cash then I can wholesale with no money or maybe small earnest deposit. 

I have a seperate bank account  (no LLC) in which I deposit and pay all things associated with my 1 rental.

For them we allow direct deposits to our account which I actually prefer as other option holds money for a few days.

only does business with our holdings company Even though he is mostly as silent partner , his existing reputation has earned me instant respect with a lot of high level people in the community.

@John Thedford My wholesale contacts say “$2,500 Non refundable (certified funds) deposit locks this deal up.”

If the total for the month is $30 (which would be determined a month later) then the tenant might owe him $10 and me $20.After closing, the owner has no recourse against the tenant to pay him the $10 he is owed (because he is transferring me the deposit) so he wants it paid at closing.  

(i.e. higher than just a security deposit would be)

Because after every Refinance, you have your deposit back for your NEXT Buy!

Owes about $1700 between missing rent and damage/repairs (I've already deducted his security deposit).