Failing to plan, is planning to fail. 

If she fails, I would go after her for every dime owed.

It is disheartening to witness a mentorship program that boasts substantial financial success, with students allegedly earning substantial monthly incomes, yet fails to ensure that their own employees receive even the minimum wage they are entitled to.

We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies. 

Everything was smooth until it wasn’t. 6 months into it the tenant called and the toilet had failed in an upstairs bathroom.

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account. 

They also could have a mortgage that could not be satisfied by the price and in that instance, again the bank would not release it - so again stuck. 

If you fail to follow the rules, you may open your personal assets to a lawsuit.

Hey Daniel, you can use a platform like Avail that will give you all the info you need to know like:-Credit score- criminal record-eviction historyYou will also need to gather their:SSNIDPaystubs and 3 months bank statementsat least 2 past landlord references.If all the above check out, you likely have a great tenant.

Has anyone tried this paid program - Just Be The Bank: How WE Generate Passive Income & Wealth in Real Estate.