My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

Quote from @Todd Goedeke: @Parmesh P. there is no such TDA paying 7% or even 6% long term,5 years or longer.One example I know of is NYC teachers has a 7% fixed with a maximum $23,500 per year currently. 

Payment TermsContract Value: $[Insert Amount].Deposit: $[Insert Amount] due before the commencement of work.Payment Schedule: Payments to be made as follows:[Milestone 1 and payment amount].

If you need current income, I'd recommend another fix/flip.

If acquiring, do you want to fix/flip or BRRRR?

The monthly payment is only ~$720 and the interest rate is fixed at 8% fully amortized with no balloon. 

It also confirms the amount of security deposit and the lease ending date.

Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project. 

First tenant was on a fixed income as a retiree, so I was hesitant to increase the rent after the first lease period.

You can select the amount of the deductible, usuallyranges from $500 to $5,000.