Split deposit?

You deposit it to a trust either with your brokerage or the closing attorney (asap) and they determine that. 

Direct deposit makes it very attractive.

Edward Opong in order to put a mid to large sized property under contract, you will need to show significant proof of funds and even put down large deposits (six figures is not uncommon).

Get any vendor contracts for service currently used figured out how they will roll over or how to be discontinued.Copy of leases and move outs for past 2 years including security deposits, if you go into contract. otherwise you want records showing rent roll.Occupancy per unit is basically per city license regulations so make sure you know what that is.

So in terms of using a title company, putting down a deposit, transaction fees, ect, I'd have to maybe have the other person take 50% of those fees from my half of the assignment fee.

At least you can still do income, housing record, and make security deposit high enough. 

Can I deduct the 30 hours I spent cleaning and repairing the home from their security deposit?

@Dan Butler uses a company that direct deposits the profit sharing portion each month.  

For business purposes, assume that the only money you're going to get out of the tenant is what they pay you in rent and in a deposit.