You will then submit invoices to the bank and they will deposit that money into your account so you can pay people.

charge pet deposit (pets not reported)???

Providing that their new appraisal on your first one has you with enough equity, you'll only need FHA's low deposit for your next property too (and, so on).

I want to make sure the tenants get their deposits back in addition to a sum to leave the property in 30 days.

Do you think vacation rental company is obligated to maintain the trust account for guest's deposit and prepaid rents?

@Tony Castronovo, not wishing to burst your bubble, but, you don't YET have BRRRR happening.What I mean is: in order to Buy your next one, won't YOU need to come up with another deposit?

I make sure lease states that they forfeit their security deposit if they do this.  

There went most of our deposit... lol

You CANNOT co-mingle other funds with security deposits.

Up to 5k can be collected from the program if your section 8 tenants cause damage that your deposit doesn't cover.I believe the deal is you have to go to small claims as you normally would but if you win the government will honor the judgment not the tenant.