We each put in 50K and deposited into our LLC's checking account.

I would require a much larger deposit than a usual LTR lease requires.

Curious about potentially investing some of our tenant security deposits in CD's.

And there are so many other things I use it for: tenant vetting, developing lease agreements, collecting deposits and rents and more.

The amount of people relying on RAFT for first, last and security is extremely common in lower income areas since they are typically living paycheck to paycheck and it is hard to come up with deposit to move into a new place.

Before you spend thousands and thousands on this, go out there-- see for yourself with a GC, is there an issue with the foundation, or could it be that maybe they dropped something, and are blaming the house so you don't take it out of their deposit?    

All profits must be deposited to retirement funds. 

They will review the documents they request you to turn in and once approved, they will have a W9 for you and your account information so they can start depositing the future rents into your account instead of the previous owners. 

It works kind of like Venmo in that you can either pay a small fee to have the money deposit right away into your account or go the no-fee route and have the money deposited about 5 business days after it posts.

I've even had banks say they'll write the deal if I deposit 10% of the loan value back into a money market at their bank.It's a crazy world -