Our income requirement had been 3x rent (or 2.5x rent + an additional security deposit.)

Then I'm looking for a bank to cash me out 70% immediately so I can to do it again The Delayed Financing exception to the six month seasoning requirement, allowing you to do it instantly, is fairly well known, this shouldn't be hard at all.Make sure your preapproval for the Delayed Financing is solid, and make sure you can source and papertrail alllllll the money in the form of large deposits into any of your accounts with funds that were used to purchase.

What do i need to ask for regarding deposits, payments, reservations, etc?

I also find it interesting you take a 40% deposit and then balance upon completion.

And before the comments start, all repairs were done with the knowledge and consent of the landlord.Sure wish my father had been with my sister and I when we naively and unsuspectingly gave a $50 holding deposit to a shyster property manager on our first attempt of looking for an apartment.

We required her to pay us via electronic transfer and have practiced the timing of it with her from her application fee and initial deposit.

Their articles keep you informed about federal and state laws, answer legal questions, have tips on marketing and turnover and all sorts of stuff.You should also read the CA landlord tenant law (it is on Dept of Consumer Affairs' site), to start learning about legal requirements (notices, security deposits, evictions, etc).Good luck!

I deposited personal funds in the LLC account.

We've agreed on a price, and I suggested that we deduct it from the security deposit when they move out.

If they were to rent my place, I would require extra security deposit, automatic debit from company bank account, 1 year minimum lease and much higher rents.