Hey Donny - I would advise against building your first deal unless you have extensive GUC experience.

you should collecte deposit the moment the lease is signed or 24hours max. no deposit, the lease is void.

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.  

Reach out to your tax advisor, who might be deep in extension tax returns at the moment, and ask to have a consult or sit down.

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.

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.

If you insist on having someone review it, I believe TurboTax has an ask-accountant feature but I doubt they have extensive real estate knowledge.

The last time I did an insurance MTR it involved my work truck, an alternating current generator, 150 feet of extension cord, a sawzall, an appliance dolly, my 14 foot trailer, a house with fire damage and a $3000 Samsung French door fridge.Don't expect to make any money without doing any work.