Your record of this deposit (via teller slip or online transfer) will be your receipt of payment.This elimates complextity and the additional steps/rules that come with using a third party to collect rent.I get an email alert when a tenant makes a deposit, and each rent amount is unique so I know who has paid in case they don't have the teller add a memo to the payment.They can transfer funds online, or walk in to a local branch with cash, personal check, wampum, etc. 

@John William Kuhfahl if you shoot me a DM I can provide you with more information for next steps in evaluating a development deal. 

This step ensures compliance with local regulations.From my experience, when I had an STR in Cleveland, I only did the regular rental registration, so make sure you complete both registrations to avoid any issues.Cleveland is a popular spot for STRs, especially for visitors coming for sporting events and medical purposes.

He may have you issue a notice to vacate or something right at the close of escrow since you have to give 30 days notice and this can possibly be a proactive way to prevent any funny business at the end of the 30 days. 

Taking my next step and it's decision time. 

If you have minimal investing experience then you can use this book as a step by step guidline.

First step is to find rental comps on FF and Airbnb to see if it's worth it.

@James Keeton   yes, you can, BUT we help you with our 2-step program pull out cash right now. 

But if she holds on to the properties until death the heirs will still inherit at a stepped up basis - in other words any deferred tax goes away with her death.I'll reach out via pm and colleague request to give you more information

If nobody redeems in the judicial foreclosure lawsuit, BUT somebody with redemption rights demands a public auction, then the judge will order an auction on the courthouse steps.