My permits are ready for pick up and it’s been 13 months since giving 5 percent deposit.

I do not recommend paying any upfront fees, unless it's with a large bank that typically requires a good faith deposit on larger transactions.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Deposit rent into checking account, transfer excess funds into brokerage account, make money. 

Leases are signed electronically (esign.com), and I set them up with RentRedi for deposit, cleaning fee, and rent payments.

A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

What I love about them is they will even accept the higher lease amounts over the market rents if we can show first month's rent and security deposit.

As I understand, landlords there cannot charge application fees, security deposits and evictions are VERY challenging.Have communicated with several PMCs and investors in Ohio market and not aware of any real differences from Michigan. 

deposit to account xxx?

Our offers include clauses allowing us to do our due diligence before closing and protect Earnest Money Deposit (EMD).