Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

The offer on the property must be made in the name of the IRA and the earnest money deposit must come from the IRA. 

My question is that: 1: I’m buying this rental property, the seller is asking to assume the existing lease but this lease doesn’t have deposit what should I do for now during this buying process and in the future? 

I use Zillow Rental Manager to collect rent electronically, I just started using Stessa to track data, a Excel check book register to track expenses and deposits and TurboTenant to list my vacant properties.  

Yes, college kids can do some more damage, but get bigger security deposits..there's a lot of money to be made for sure.Sounds like you're on a good track and best of luck!

With that ZBA, all of our normal deposits are swept directly towards our remaining balance, lowering our interest cost.

She does not have approval for any pets, paid no pet deposit and certainly we could not approve a pit bull.    

They do instant deposits to your bank account or free for 3 day wait as well as you can receive a Cash App debit card and just leave it on there and use as needed like a regular debt card.

Also, finding a tenant in the pandemic took us much longer than prior to the pandemic because we did not do open houses but screened each viewing in their own time slot.  

Required $20,000 non refundable deposit, so the sale didn't get tied up in a pending sale and then buyers walk away.