Earnest money deposit question about contract

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Regarding a purchase agreement, is it acceptable legally speaking to write "earnest money to be presented after "x" day inspection period"

This isn't something I would do on every deal but it would be a good thing to know before hand. I heard jerry norton mention this technique but is it legal as long as both me and the seller agree to this in the special clauses of the contract?

I read that in Georgia, which is where I'm located and will be doing deals, that earnest money must be presented in escrow no later than 3 days after purchase agreement is signed. Is this true?

In case anyone is wondering, I'm planning on wholesaling.