.- 12/13 the check of course bounces due to her putting a stop payment on the check- 12/13 I was notified that she turned off utilities on 12/12- 12/14 I provided her email stating I would be checking on the property on 12/15 (24 HR notice)- signed lease through August 2018- I have $1650 ($1350 rent and 300 pet deposit) in security deposits- upon checking on property I found that there are no items of value in my property and she had left all keys and garage door openers that I had originally provided her.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I believe best practice is to have them make the security deposit payment within 24 hours.

You can see when the payment will be withdrawn and when it will be deposited on Avail.

And to get spec loans from most banks they are going to want a deposit relationship..

I use Baselane and even though it's very simple to set up accounts and to have dedicated credit cards for each property, I do have to watch very closely that the deposits and expenditures go to the right account so I don't leave myself short anywhere.

First wholesale deal question.I've got a property under contract with a $100 earnest money deposit.  

There are no deposits in place.

Have a separate bank account for deposits and rental income.

I mean just look at those that get all nervous with EM deposits even though they are not going to lose the money ..