Also, the idea separating them is so you don't accidentally spend them and then no way to pay it back when the time comes.Some states if you don't refund the security deposit within X amount of days, the penality is that you will have to pay back the security deposit x2. 

If someone is paying cash or putting down 50%, it would "cash flow" better - there are investors in the Bay Area that have a lot of capital, not usually a first time investor that pay cash.

Hi ALL,Can anyone recommend a easy to use property management tool that we can use, so far, we have 4 rentals and growing, We will like to have better control of the information and have a easy system for tenants to pay rent.As always, thank you for your input!!

For Los Angeles County residents affected by the wildfires, this could mean an extension of deadlines for filing returns and paying taxes.

Yes, the government pays the Section 8 rent timely, but more and more tenants are having to pay a portion of their rent.

How to avoid BEFORE this happens: pay a day early, don't raise issues, get loans that aren't backed by US Government that the note states they don't sell the servicing.How to avoid the late payment- pay all accounts from the same bank account on the same day of the month.

Nor would I pay retail for a property with that low proforma return even though I like PR.  

Make sure you talk to a Banker or Loan officer that is well versed in both SE (Self Employed) income and also Non/QM programs.One tip I will give you as a Banker is open up a "Business Checking account" and for the next 12 months pay "Everything" out of that account. 

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.

Get on a budget, build your emergency fund, pay off all debts, save up.