I would venture to say very few landlords correctly hold their deposits based on local landlord/tenant law but as long as the money doesn't walk away and is not wrongly withheld from tenants its highly unlikely wrongfully storing the funds will become problematic.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

It's so much work to furnish and set up a short term rental.

How do I reach you for a call ? 

They’ll have a deep understanding of the market and a strong network, which can help you identify the best opportunities.Owning rental property isn’t as simple as it might seem.

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

Educate yourself on how to handle marketing, screening, late rent, lease violations, etc.

You'll never see a dime of it, but it meets your legal obligation.3.

This is a new venture that I'm looking into and real excited about.