@Heather RummelGet leases in place, create a separate account for the rents to be deposited.

All the income should be deposited into your LLCs account(s) and ALL expenses should be paid from those accounts.

Do ya'll still give them the 30 days notice,  plan to give back full deposit, etc. etc. if they are caught up on rent?  

All money, home inspection, deposit, down, closing funds etc must come from IRA.

Waive app fee and Security Deposits and you're sure to get a tenant, just don't freak out when they trash your property.Another S8 challenge for landlords is fewer & fewer voucher holders have 100% of their rent paid by S8.

You'll probably NEVER collect the deposit. 

Why do it yourself when you have a deposit to cover those things? 

If you feel like there is going to be several offers than it is better to go with a higher deposit.

Find, copy, keep, all the lady’s checks to dad for the place, daddy Deposits into bank, etc., to prove she wasn’t a squatter who can claim adverse possession, sue her for the money you had to pay (need to keep your name and other assets clear) on the foreclosure.

A few years ago it was rent control, this summer it is dropping the deposit amount.