Do you have to keep the security deposit in a separate account?

Hi everyone, i'm very new to wholesaling, watched a couple videos by Flipping Mastery TV on youtube and after some research, thought i'd do my first few offer calls.I was able to find 2 seller's agents who are interes...

I look at the tenant's financial situation (income security) as a very important part of the property analysis. 

There are a set of destinations in northern Wisconsin and Michigan that I think are potentially untapped STR markets. 

I used furnished finder and keycheck to find tenants, screen them, and collect rent/security deposits. 

An estoppel certificate is a form you have the tenant sign that confirms their lease start date, the amount of their security deposit, and other things.

I have prospective tenants who signed a lease on 31st of October and paid security deposit same day.

@Joe S.I would say BP does a good job as well as its membersFor example when peerstreet went under people were on BP blasting them because “they did not know” they invested in unsecured debt because they noted they invested in secured loansBut if you read the literature it was clear the investors were unsecured even though the company invested in secured loans (which this structure is not uncommon) - they were called out for this.There are components related to communication that cannot be verified unless posted but most documents and property transfers (like the one I assume is referenced in the start of this post) cannot be disputed.

Consider a cash-out refinance or a small business loan to fund these repairs and secure the property long-term.

Consider remote monitoring tools (like security cameras), and budget an extra 10-15% for surprises.