(I did take 2 months deposit, but obviously cannot spend their security deposit.

I decided I might have to open the wall behind the tub after all, and the next day I went around hunting for matching tiles with no luck.

They auto deposit to my bank around the 15th.

If you allow that dog to stay there as said the lawyer will eat you up.You can take a much larger deposit to cover for pit damage but again it's not just the damage it's the liability.

I have a multifamily rehab deal under agreement, going hard on a deposit tomorrow!

I do NOT want to be a landlord so wholesaling is good match for single family home deals I get.  

You can match this against what they have on their application and check address on the credit report that don't show on the application for places that may not provide them with a favorable reference. 3) You see debt load.

My question is this : How should the deposit money be distributed?

Again, since I have PM's, I just get a report each month and I match it up to a direct deposit amount and I fill in my income/expense sheet and code accordingly. 

These idiots... sorry, future real estate millionaires, were running to the back of the room to put their deposit down and secure themselves one of these fine properties.I remember sitting there thinking, "If I bought one of those, I'd put my 'For Rent' sign out front, and so would every single other owner."