People do everything online and we found that the first thing a tenant does is setup automatic ACH-a Landlords dream come true.   

@RJ Haugen what do you call two doctors who graduated from Yale and Mayo Clinic school of Medicine?

Can't wait to go part time in medicine soon, maybe work a few 1099 locums 3-4 months out of the year, and nab that "real estate professional" designation :)Lots of paper losses on syndications now that I feel like I'm not able to write much of them against my person income.Still pretty confused on how the 'passive loss limitation' is phased out from $100K to $150K in AGI.

One thing I'm doing this month to move closer to best is setting up ACH/auto-draft rents. 

ACH Fees if any typically paid by tenant12.

In your situation as a new business an accountant will be able to plan properly for the future as well and may save you money and head ache down the road.

All of my tenants pay via Quickbooks invoices that I e mail to them monthly (ACH transfers), but I have had some that want to send checks occasionally (usually a parent wanting to pay for rent as a lump sum).Cash is ok, just give them a receipt. 

I was informed by one of the tenants earlier this month that the cigarette and marijuana smoke from the neighbors in the adjoining row home was causing her nausea and head aches.

yes you can ACH i just use cozy or venmo if starting out

My husband and I talked to him in Dec about ACH payments and that we wanted rent electronically, he said he would look into in on his side with his bank.