I have a tab for each property.I keep a word doc for vendors with a table of contents with links to headings such a plumber, hvac etc.I get recommendations from my large local RE club whether I askednor someone else asked I keep this contact info for future reference.I have no need to pay for a service when I can easily and quickly manage with systems I have built using Microsoft office that I already have.Tenants pay rent via deposit, ACH Zelle or PayPal.

I think the seller is lying to you about the deposits and who knows what else.

For example:-We have to accept direct deposit directly from Section 8.

My attorney has advised us to not deposit the rent checks from this tenant until the tenant is evicted.Does anyone have any similar experiences or advice?

That is priority one.You have a security deposit you can use to make up for rent? 

What do you show depositing into one bank account in past 12 or 24 months?

He has installed slot machines, some of which work but don’t run on money.

This way if they do not pay, you can give them 30 days notice and take the security deposit to cover delinquent rent.   

I am now being asked for an additional 30k for unforeseen complications or I can choose for them to return my deposit (2500) + 20%.At 262k my cash flow would be basically zero after all expenses (rent = 2k/month) but I will start with approximately 38k in equity (home value around 300k).Shall I sign the addendum or get my cash back?

Since they are on the hook until May, should I just use their security deposit to get house into renting shape?