Normally a wholesaler gets a home, does nothing to it and flips it to another buyer. 

Or does the Lump sum that comes with a RTO count as a security deposit because if they walk away at the end of the lease you get to keep the lump sum.How is this normally done in RTO's?

A hard money lender will lend based on the value of the property, normally if you buy a house that will be worth $150k for $100k, it will need some rehab to be worth $150k.Let's say that rehb will cost $15k,, let's say the hard money lender will lender you 66%  (to make the math easy)of $150k, but you have to pay not only the cost of the house, but you have to put $15k in escrow.At closing the hard money lender brings $100k (66% of $150k) to the table, you bring $15k plus closing cost.  

jk I do not think next event has been determined yet,  normally it is the second or third tuesday of each month.  

In the Northeast, the amount of money you can make is completely normalized by high lifestyle costs.

Oh and I'm not necessarily afraid he will bail on me at closing I was just making sure that double closing would be the route to go since the assignment fee is higher than normal deals.

When I do get one, it will need to generate some cash on normal months (e.g., after property management fees, but not taking into account maintenance). 

My guess is that the tenants are correct, that is a normal amount of notice.

Personally, I'd ask him how much it increased and if it is a reasonable amount I would verify his normal bill and pay the difference to get the situation resolved and hopefully build a quality relationship in case it is ever needed.Just my two cents.

A few percent might be normal due to building crashing years back but high single digits to double digits shows a deeper problem on the micro level where the property is located.