It was a subsequent post in response to my question that OP made clear it was because the state required deposits to be held separate.  

You’re going to get a range of responses and it’s not that number that should matter to you, but the background behind it.

We have been using it for our listing descriptions and reviews / review responses. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Why mention the tenant will be responsible for appliance repair above ordinary wear-and-tear?

I appreciate your response.

Quote from @Dan Attivissimo: Thanks for your response, Jonathan!

Buying an investment property at 21 shows amazing foresight and financial responsibility.

In case you haven’t read the previous responses or haven’t walked a mile in a landlord’s shoes. 90%+ of your problems are caused by your local/state government that you seem to be giving a free pass.

We had only worked together via phone and email for this deal.After all prorations at closing, I was only responsible to bring 6% to the table.