Nikki:It is a good practice.  

In pure accounting practice, ONE journal entry is used for the transaction (call it move-out) regardless of how many line items are required (say damages, past-due & deposit refunds). 

Are there any online practice exams?

I'm on a fact finding mission to determine the best way to start a new company for short term rentals and trying to determine the best practices to do so.What is known thus far:- I have to have a RE license in order to manage properties for third parties when accepting commissions for bookings.

I keep getting these wrong on my practice exam and I can't find a solid answer.

I realize you're young and excited, but requiring reserves is not only a prudent lending practice but also a prudent investing practice.

Buying your own home will reduce your taxable income(a benefit in the now,) and will give you a more certain understanding of future housing expenses, and may even give you and your family a sense of security, but in order to be a better bet financially vs. renting, you practically need a high level of appreciation.  

@Edwin Silie Most of the advice I have received is to focus mostly on the practice exams, so if you haven't yet purchased one, I definitely would.

Make sure the attorney practice real estate.

you can rent practically anything if it is priced right.