Hi Michelle,Keeping tenants' security deposits in a separate savings account at an online bank is a common practice and is generally recommended.

A 10% management fee is common for smaller properties, but the 60% leasing fee is above market in many areas—30-50% is more typical.

I'm not sure I would get to cute trying to squeeze every time out of it now with a lease that might cause you issues in the future, but the scenario you describe is common and probably smart. 

It is quite common for their to be a dispute over the validity of the contract termination leading to one parties unwillingness to sign the EDM release.

We have an area of town where AC unit theft is common but I don't think anyone is pulling them out in-between occupancy.

They get the seller is trouble and they get you in trouble.Always use common sense integrity and honesty to do anything and everything and it is hard for you to get in trouble!

.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

This is a very common issue in parts of Milwaukee and I have done lots of basement reinforcing on our rentals.

Networking with local investors through BiggerPockets, Facebook, and meetups can help you navigate the market, while avoiding common mistakes like underestimating expenses, poor tenant screening, and hiring the wrong property manager.Good luck!

You can't do a straight syndication but you can do a TIC (tenant in common) on such a partnership.