Thanks for any and all advice!! 

We're all here with the same questions.

The law allows you to put all the deposits in one account.

A couple of points:1: The tenant was not given keys to all doors with locks.2: The tenant was instructed to call a locksmith.

I love all this last minute BS they are pulling.

So many things wrong with all this.First don't pay for this.

I imagine a T-6 is just a Trailing 6 month table that shows our rents, expenses all fully tabulated and organized into a summary table, but having a hard time finding documentation online to support that. 

I have seen all sides of this equation, self managing my own properties locally, but moved with the Navy 1000 miles away and managed the same rentals from afar, and had friends here in Memphis that had 18 properties and had them all with PMs with varying levels of success, some bad and some great.Self-managing brings about an additional level of responsibility that most of the time is fine, but that is not what you hire a PM for.

You're asking all the correct questions.

Wholesaling is a tough game out here but if you are interested I can connect you with someone who can lay it all out for you.