I’m unfortunately in the same situation.

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

I've received apps in the past where this was the exact situation only for the borrower to not qualify and be stuck. 

The tenant hasn’t been the greatest: late payment with not always paying late fees, multiple complaints from the neighbors, changing phone numbers, ect .

For example, if you're planning a kitchen remodel, get multiple quotes to ensure you have a solid grasp of what it will actually cost.3.

But I don't know your personal situation and all the financial details. 

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

I have owned houses in 'floodzones' that would never flood except in a once in a lifetime situation.

@Marcos CarbiYou're not looking at this situation realistically. 

Apartments are the least ideal living situation for us, so what if we got stuck in a multifamily property we intended to just be in for a short time.