***I had a nightmare tenant (let's call them The Crystals) that didn't provide a fwd address either in the past and kept saying they would sue for the security deposit blabla but never did anything, kept the security deposit for their last month so they didn't overstayed, therefore I didn't chase them for the rest of the lease amount since they vacated, happy they were gone.In the case actions I see an officer was assigned, this is the first time I see this portal (created account to be able to look up the case once I saw the Rushmores packing up and leaving?

Use Bank statement program, Use No Doc/Lite Doc/ 1 Year 1099 - or DSCR for (Investment only) Use Asset lending where you do not need a large deposit and the liquid reserves or assets acts as the collateral to offset risk.

In the event you miss calculated your equity potential, you should be fully ready and able to settle the transaction or be prepared to lose your initial deposit. 

Also, some utilities may require a deposit, so it's best that the tenants contact those utilities ASAP.  

And what's their turnaround for ACH deposit?

I'm keeping a couple free checking business accounts; I'm a self employed web developer so that has its account and then the property investing, the other account.Yeah, fees suck and I had a great blowup with my local bank where they charged me 28 bucks because they couldn't get their deposit dates straight.

I would like to know which banking institutions and type of accounts you are using for security deposits that comply with Florida law.I have heard to use an escrow account.  

If you want to be as cheap as possible maybe you buy and install 4 window units and offer the tenant to leave And get all their deposit back. 5.

From that deduct the deposit (so that they know they won't be getting that back). 

I think it really comes down to what you are comfortable with but I don't think background check, credit card check, etc on top of a signed lease (and even small security deposit) is unreasonable for an MTR.