Double deposit means $hit.  

Upon cancellation, all earnest money or deposits shall be returned to the person who provided the earnest money or deposit.CONSEQUENCES OF NON-DISCLOSURE TO SELLER If the Residential Property Wholesaler fails to provide a Residential Property Wholesaler Written Disclosure to the seller before entering into a written contract for a residential property wholesale transaction, the seller may terminate the contract at any time without penalty and retain any earnest money or deposit paid to the seller or deposited in escrow by the Registered Residential Property Wholesaler.An escrow agent may disburse the earnest money or deposit to the seller without the need for separate written instructions from the Registered Residential Property Wholesaler if:• The seller in writing asserts that the Residential Property Wholesaler Written Disclosure was not provided to the seller before entering into the written contract for the residential property wholesale transaction and demands disbursement to the seller of all deposits held by the escrow agent; and• The seller has provided the escrow agent with a written release and indemnification against all liability arising from the disbursement of the earnest money and deposits to the seller.LIABILITY FOR DAMAGES If the Registered Residential Property Wholesaler fails to provide a Residential Property Wholesaler Written Disclosure to the seller or buyer, and if the purchase and sale agreement is terminated as a result, the wholesaler shall be liable for damages incurred by seller and buyer.LEGAL PROCEEDINGS AND RECOVERY OF COSTS In any mediation or arbitration proceeding or civil action between buyer and seller, between buyer and Registered Residential Property Wholesaler or between seller and Registered Residential Property Wholesaler that arises due to the Registered Residential Property Wholesaler’s failure to provide a Residential Property Wholesaler Written Disclosure before entering into a written contract for a residential property wholesale transaction as prescribed under this section, the prevailing party is entitled to recover all reasonable attorney fees, costs and expenses incurred at trial, on appeal, at mediation and at arbitration from the Residential Property Wholesaler.How to file a complaint.

They will take your upfront deposit and disappear.

You can screen tenants through their site, create lease agreements, have them signed and stored here, as well as collect rent through ACH with no fee to you or the tenant if it is deposited into your Baselane banking account.

I give them a deposit for the job once I close and from my understanding permits were to be submitted right away.

As Peter said, start with a minimal deposit to lock the work in and have a well defined milestone draw schedule that you both agree to.Learned that the hard way - once many have your money they become harder to reach and work to your schedule.

Many suggest to have a higher debt-income threshold for them (5x or higher), since they will essentially be financially responsible for two households.Also have them sign a "performance guarantee" and make a deposit. 

Also, be sure to confirm the status of the security deposits with the owner and tenants (via estoppel letter).

It doesn't seem like security deposit was collected from one of the two tenants.

He was evicted, they get none of the deposit back.