On a similar note, one thing to pay attention to with PMs is the security deposits.

@Ricardo Polanco I would not grant buyer early possession without a large nonrefundable deposit.

They do have funds for a Deposit to Hold though. 

.$35 for app, $2 for ACH rent deposit.

All our properties currently yield over 6.5% gross return, with a borrowing rate at 6.5% and 20% deposits.

Be interested in what your thoughts are to include this in a lease (needs to be maintained to some defined degree of cleanliness rather than waiting until move-out and deduct cleaning charges from their deposit).

We play games called, "lets show the property to a perspective tenant" and "lets go to closing together" and "lets deposit money in your bank account" and "lets review your college fund investments".

I want to understand what are my options to collect tenants deposits and one month rent. 

Also greatly important are quality contractors at great prices who won't disappear with your 50% deposit.

Deposits are not classified as income.