First time landlord and I finally rented out my NJ property!  Per NJ law this must be an interest bearing account located in NJ but I am not physically in NJ to open the account as I already moved to Florida.  Can any...

For example Auction buyers bid $110k deposit placed at auction $10k note rate 5% Unpaid balance $100k x 5%= $5000/12 mo. = $416.66 mo. . . .

Also make sure you get the deposits as you are going to be the one who has to return them. 

If lack of deposit is an issue, just do some flip-n-sell first stack some cash up then go for BRRRR after.Other than that, talk to more mortgage brokers just shop around.

This could be because people don’t have the lease up costs like first month’s rent and security deposit available or because people are beginning to move back with mom or someone else.

After all the damaging and cleaning cost, can I keep the remaining balance of the security deposit for the Sept rent that she owes?

You may avoid the taxes if you deposit the funds in an eligible retirement plan (which includes anIRA) within "3 years and a day" of the date of the COVID-19 distribution (note: compare to a 60-day rollover).

Investment Info:Single-family residence other investment in Cherokee Village.Ozark Gateway Realty leased to tenants using Jack and Landlords' guarantee in lieu of accepting security deposits.

For tenants that want to early terminate, we offer 2 options: one month rent + deposit, assuming there's no damages, and they walk scot-free, or they stay current on the rent, utilities and lawn care, and we will try to re-rent as quickly as possible once they vacate.

They may provide instant income upon purchase, but that could be thrown away by having to evict them or pay for damages that are not covered by a security deposit that you did not set!