Ask them when they issue distributions (anything before the 15th of the month is a red flag), do they require reserves, how is maintenance charged, do you see copies of outside contractor bills, do they upcharge materials (PM's have LAR accounts with Lowes and often get 20% off), do they keep all late fees or just the management fee, what other fees do they charge (renewals, inspections, etc), where are tenant security deposits held, how are evictions handled and are you consulted before filing, what screenings do they run, what qualifications do they require from tenants, ask for a couple other owners to visit with for a reference. 

Of the 3 inherited leases, the tenants were not asked to pay a pet rent for their cats, nor a pet deposit.

Up coming area and Cashflow positive if 3 units rented and 1 occupied20% deposit Grazie 👍

Or can he give me 3 deposits 

They sell to cash or hard money buyers only, generally no inspection period, non refundable deposit and you are paying the your and the sellers closing costs. 

We have found different non-profits to work with who guarantee rents, deposits, extra money for repairs, and money to turn over the unit between tenants.

It has been a long bumpy road including higher rates they originally told, 90 days instead of 45 days, and now I'm told the day before closing I need to bring 31% deposit.   

A direct booking site allows guests to make the reservation with less work on your part, extend the reservation as they see fit, and even charge a deposit or upsell.41% of our bookings last year were from direct booking sites.Drawback to Direct Booking Sites- It's Work: You save time in the long run but it is work upfront.

(I am not required to pay tenants the interest on security deposits).

(Pmts to be deposited directly into sellers account monthly, per realtor.)