I "signed up" for the class just to see the entire process, but I delayed my deposit and any other funds for a few days to figure out all of their angles.I picked up on a few things myself:1) The Fortune 500 cover and article that our mentor "Jason" mentioned on Day 1 was to establish his credibility.

Another reason to send it by mail is in many cases you will be deducting damages from deposit.  

Cash to invest (enough for deposits, skin in the game lenders want you to have, closing costs, carrying costs, and to kick off rehab work).2.) 

@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc. 

Given your questioning, it sounds like you might have put a deposit way too quickly on that property.

Here’s what to keep in mind:Between LLCs: Use formal loans or inter-company agreements to transfer funds, ensuring documentation to avoid co-mingling issues that could affect liability protection.Personal to LLC: Deposit personal funds as a capital contribution or loan to the LLC.

I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.

This method is simple, free, and fast.You could also provide deposit slips, so tenants can deliver their payment directly to the bank.

Often there is a process to withhold rent and deposit it with the court until the issue is resolved.

For many owners, this is a win.Other owners may value the consistent monthly deposits rather than worrying about the usually seasonal STR incomes.