Allen, I recommend finding an accountant who specializes in real estate taxation over one that is local.

A trust account? 

Renting out the house doesn't sound like it will make money or break even every month, once you account for vacancies, maintenance, increases in tax/insurance, and turnover costs... unless I'm wrong there? 

We brought the earnest money out of our personal bank account $500 and fortunately found an end buyer within our inspection window.

If the property was $300k to build all in and I can rent it and clear $1800 +/- that's about 7% CoC return not accounting for appreciation of the property.

What is a Cost Segregation Study & How Does it Work?

When I am sending the notice to my rental and I know they are not there I send it certified, signature required, no not forward, and the post office returns it back to me for no one signing it and the webpage gives a day to day accounting of the letter's travels.

Take into account that Illinois is a judicial foreclosure state and our process is very thorough.

Inspect your property regularly and hold tenants accountable before the problems get out of hand. 

I am concerned about where all this data is storedThe tenant puts their information in MyRental.com after they setup their account.