When the tenant moves out and the funds are distributed either to the tenant or the landlord for damages, then the subaccount for that specific tenant has a zero balance and that subaccount is closed. 

Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.

Feel free to DM if you have any specific questions. 

My wife and I also own the only interior design company specifically for real estate investors, Ivory Home.

It's all about building trust and relationships, and in the long run, that will pay off way more than just trying to squezze a specific deal.

If you have any tips, resources, or advice for someone just starting out, I’d greatly appreciate your insights.Some specific things I’m working on right now:* Building a strong buyers list.* Identifying motivated sellers and honing my outreach.* Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.

Our differences is we still need counsel in other states, but if it was state specific I would look at overall:1.

If you would like to chat more about anything specific in this area, feel free to connect.

I don't know the specifics of your state, but in Mississippi, my property manager has filled for garnishment for the amount of rent that is owed.

I also work specifically with investors only in the real estate arena.