----It's pretty straightforward and quick in both cities, unless you are applying for a bedroom count that doesnt match County records or related.4.

This morning around 10am (02/12) I got an email from Auction.com saying: “We have received and processed your Purchase Agreement, Proof of Funds and Earnest Money Deposit documentation.

More importantly I looked at how technology could not only improve lifestyle but cashflow:(These are general numbers not associated to a specific product, please price your own product and charge +/- accordingly)30 Unit Apartment$150 deposit per 2 "smart keys" (returned if 2 undamaged keys are returned - kept if not returned)= $4,500 on deposit at capacity$75 replacement - This will bring in a few hundred a year minimum on this property(Make sure your replacement cost to the tenant is more than your key cost for the hassle of reprogramming and to be paid for your time and cashflow, consider it like a contractors markup for services)If I pay $200 a lock I am in for $6,000. however in year 1 I receive $5k+in deposits or replacement fees that could be realized.

If the buildings are in high demand the seller will likely ask for a nonrefundable earnest money deposit in competitive markets.Land is different.

.- Chicago: "Rate of Interest on Security Deposits" summary document (tenant initials even if there is no security deposit).- Chicago: "Preventing Bed Bug Infestations In Apartments" guide (tenant initials received in lease docs).- Chicago: Copy of the Chicago Residential Landlord Tenant Ordinance Summary (tenant initials received in lease docs).- Chicago: Heat/Energy Disclosure Statement (only if tenants pay their own heat, tenant to sign)- Chicago: Chicago Recycling Ordinance Flyer/Disclosure (tenant to sign)- Illinois: "Protect Your Family From Lead In Your Home" guide. 

I don't want to pay a private investor or hard money lender a higher interest rate which would squash the agreed upon 0%.....so basically after the 50K initial deposit I would be financing approximately 80K at 0% interest and there are already tenants living there. 

I looked up some of the examples provided and found all the information matches public records.

(disclaimer here…I do not know anything about your financial profile as a borrower). 2. 3.0-3.5% earnest money deposit (EMD) seems reasonable.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I could have decided then to back out.Some states have different deposits and timeframes.