There are online platforms like Rentable.com that will handle opening the correct accounts / all compliance tasks related to managing deposits 

With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.

So if I’m understanding correctly, if you sell your home within 2yr of purchase, you don’t have to pay capital gains taxes? 

You are correct that they are headed for serious trouble. he number i called..cant remember his name but if you see other posts on here he has posted 9196045703 Brent? 

So correct me where I am wrong. 

HOWEVER; if you aren't going to use your full last name, then it's important to upload a pic to your profile (which you have) The reason being, when someone has a common name, with an initial and you are trying to @mention them, if you have a list of 5 David R's with the stock icon, it's impossible to know which is the correct one. 

Hi Allen,Hard money loans can be a great tool for first-time investors if used correctly.

I'll need the LLC to do that, but are my assumptions here all correct?

Perhaps a seasoned lender can step in and correct me if I am wrong! 

Is that correct?