When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Ty, will send you a PM about how I can help you in the future with your fix n flips.

Maybe I'll look again at Hazel Green in the future since it seemed like a lot of people felt there was upside there, but you asked some tough-but-fair questions that I'm also curious to hear the answers to. 

Found a place in Anna TX which seems to have a bright growth future - north of Dallas.

Areas that are on their own have some scale for the future as all areas of Florida are always touristy.

I'd stash a couple hundred K for those rainy quarters and future buying opportunities.

I’ve heard some lenders will take 75% of future rental amount to help qualify.

@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern:  In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.    

In the future, once we move out of our unit, we may do one MTR and one STR.

I'm excited about the future of Detroit!