I wanted to see what other people were using to set up their security deposit accounts? 

Unless it's cost-prohibitive, I'd remove it for the same reasons people have stated: 1.

Beautiful thing about RE is there is plenty of people out there and you can find the right fir for what you need as the seller

if you buy a random property on Zillow and turn it over to people you have never met, you will very likely lose money, get frustrated, and set yourself back.if you're serious i'd pick a market and plan on making several trips there. 

Quote from @Chris Seveney: @Charlene Kingsnorth have you had an sec attorney also review what you are doing as if you're are having multiple people as part of a loan participating in it depending on the state this could get you in hot water - so be careful  good point Chris some state allow fractionalized deed of Trust mortgages other do not or require PPM like documents prior to offering them..

Single family has more stabilized as there is not enough people who can afford homes.The purchaser is two very distinct types of groups who buy MF vs. single family and single family is bought to own and occupy, MF is bought to generate money.

I'm looking forward to meeting new people and am happy to share my experiences through my first 4 years in real estate with anybody who's looking to get started.

I know a few more people who's purchasing with him, from what I hear, every single closing was delayed due to supply shortages or other reason. 

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

Maybe, but so far the reports are about neighborhoods where people have real money.