Os if they didn’t do that, the $400 comes out of tenants security deposit. 

Well i ended up purchasing an RV and renting that out for 600$ a month + a sec deposit.

Well i ended up purchasing an RV and renting that out for 600$ a month + a sec deposit. 

A lot of investors do that and use earnest money deposit financing to help bridge that early gap.

Only move forward if they communicate clearly and offer milestone-based payments instead of big deposits.

I did my background research and found out that I could possibly find a lender that would fund the deal as a DSCR loan as the ratio was very good at 1.25 and I had the funds for 25% deposit.However, I wasn't able to close with the initial lender that pre-approved me as a new investor because one of the units in the 5-unit was a Studio and the size was under 400sqft (as against their internal requirements).I have been under contract for the past 3 months and only have 28 days left to close, if not I'll lose my Earnest Deposit and all the time and efforts I've put into making this deal work and currently unable to find a reliable lender as they keep mentioning that I'm a New Investor with no Experience - as my first property is still under 1 Year of Ownership.Please...I'm asking all knowledgeable investors and direct lenders here to come to my aid at this point as I don't want to lose the property nor the money I've spent so far in this deal.

So far so good.A few months later a nice 3/2 hit my radar and I financed the deal at $67k that rents for $825.I use a property manager here in Rome and they have been great to work with, although they do not have direct deposit, they do take care of everything and only charge 6% with no upfront fees.  

No deposit.

.- One PM deducts $800 from the security deposit at move-out as part of their “policy,” which isn’t tenant-friendly or transparent.To be clear, I’m not saying PMs don’t add value—especially when I don’t want direct contact with tenants.

The tenant just paid an advance on her security deposit $1000.