Assuming that this auction was deposit only the day of auction, you could just not pay the balance.

I'm going to have the carpets cleaned for the new tenant - do landlords normally deduct the cost of cleaning the carpets from the security deposit?

There are NO rent credits.Requirements:Location = Any, it doesn't matter to us.Annual Cap Rate = 10% or higherAnnual Cash-on-Cash Return = 15% or higherLTV = 65% or LessProof of Funds = 10% Option Fee, Repair Cost & 6 months of Lease Payments**ONLY NON-Owner Occupied Properties**Fees:$2k - Loan origination Fee (included in Loan)$2k - Processing Fee (included in Loan)10% - Option fee (Paid at signing of Lease Option)5% - Increase in Option Sales Price from the Original Purchase Price2 Months Rent - Security Deposit (Paid at signing of Lease Option)What we need to evaluate a deal: Property Address Minimum of 5 exterior photos & 5 interior photos Purchase Price Market Rental Rate CMA from the MLS and from a Licensed Realtor.

That runs background checks on all potential tenants and make your you enforce a direct deposit and background checks. 

Also need Assignable Contract that states "1/2 deposit to investor (me) and balance to title company at closing".If anyone have that type of contracts, I would very much appreciate that.

Non-refundable pet deposit

I get 1200/month in rent for 5 years, with 2400 back in security deposit.

Recently I have been requesting a double security deposit from these type of tenants but most do not follow-up.I would like to know how other landlords check on applicants who are recent homeowners with no rental history .

He has 3 indoor cats (disclosed 2), 3 outdoor cats (ie feeding strays), the previous property manager did not ask for a security deposit, he works on his two junky cars and dirt bike in the driveway (huge oil stains in front of his garage) and he keeps equally mediocre company (not felons...just drinking, smoking...low class stuff). 

The lease say she can move out by giving me 30 days notice but I can keep me 1 and half month deposit .And now she is ask me if I am kind enough to return her deposit if I can find next tenant before she moves out.Is just a lot effort for me to find another tenant and I can't believe she is asking me for deposit back.Should I just star looking for next tenant ?