I don't do this, but I know many landlords that have their tenants pay rent by making a deposit in a bank account.

We want to know how to research this area of investment, how to project occupancy, differences in using regular rental contracts, deposits, etc.

i.e. if the repairs are greater than the damage deposit etc., is the local housing authority on the hook or like unpaid rent is there a strong incentive for the tenant to pay up so they can get back on the program?

Also setting up a system in your bank to pay off your mortage(like direct deposit) so you don't even have to "work" while you own.

For example, security deposits, any expenses (such as a "finders fee") that doesn't meet the definition of a qualified exchange expense (should be POC) , ditto any cash needed for the purchase and closing of the replacement property POC (for example, home inspection, termite, roof consulting, survey, lender points, utilities).

A few offers, no closing.My dilemma and need for mentoring and advice: I have $100,000 in cash to invest but now without a W-2 source, a job or any income besides the annuity mentioned above, even the Bank I've had a relationship with for years and have over a half million $ in deposits or investments with, won't even consider lending to me for even a home equity line of credit, much less to mortgage an investment property.

I have noticed the on the S and P agreement with the seller and the wholesaler (me) states the price the seller will be paid for their property, as well as a earnest money deposit.

The terms are looking like "an assignment with $5K earnest deposit, and possibly $63900 with 21 days to close".Can someone else check this out and tell me what you think?

We have only once needed to retain a security deposit and that was because the tenant "bugged out" early to catch a flight home for a family emergency.

I have always allowed pets with a non refundable deposit.