One of my criteria for investing is not to buy in any area where I would not feel comfortable sending my wife to collect rent in the dark.  

Southern impression is primarily a single family home builder and their floorplans are all too large for profitability. they are overbuilding each unit and adding unnecessary things like garages that don't get you any income and only drive the construction values up. a garage on it's own isn't with much more than what it's built for and doesn't really add to the equity gain in new construction 

As for the security deposit, it will depend on the title that it was collected under, security deposit or advanced rent.

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

That is an impressive amount of growth in a short period.

Also, a freshly cleaned and nice-smelling home makes a great first impression!

I was also appreciative of Dave’s patience and exacting answers to any questions and was clear to me he has more than perfected his craft.The title company had a portal that collected all the documents and laid everything out in phases that I could log in at any time to see progress.As one who is extremely organized I felt I was in a safe space and knew any issues would be addressed.

An institutional investor with a history of working with syndications in these kinds of deals is going to have a much better handle on fair and realistic fees the syndicator should be collecting for those services versus a bunch of lps that may be working on the first syndication deal and frankly glosses right over those issues when they see 15% annual returns and a nice fat cash bonus on the planned exit.

Very impressive portfolio...I would love to connect and help where I can so you can achieve the volume you are striving for!

I am a Partner at Southern Impression Homes, our focus is build to rent.We provide new construction rentals and PM (single family, duplexes and Quads) for investors.