It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.

I've had a keen interest in investing for as long as I’ve been involved in real estate.

@Elizabeth KingYour accountant is wrong.

I don’t want much if any involvement because I’ll be doing other things.  

Is there some other way to verify his involvement? 

All of Bernie Madoff's clients thought their accounts were in great shape until the day the news broke.

I learned how much an escrow account check matters to your overall mortgage payment.

It probably won't come close to $150K.Run the numbers if you put the profits into a savings account paying 5% interest and see how that compares

I took into account a likely cheaper labor rate but will say when we owned units in gulf shores that i was not encountering that low of a labor rate.  

Keep abreast of the latest fraud techniques and adjust your criteria accordingly.Educate Your Team: Ensure that everyone involved in the leasing process understands the signs of application fraud and knows how to react when they suspect fraudulent activity.Legal ConsiderationsWhile it's important to be vigilant against fraud, it's equally crucial to conduct all screenings within the bounds of the law.