The laws that were passed in FLA and GA need to sweep the nation. 

We use Key Bank for our origination business and US Bank for our debt fund accounts, which allows us to sweep into a HIYMM account to reduce drag, which we weren't able to do with Chase. 

Since the depositer is not the owner of the account, this receipt does not show the account balance.I then have the option to sweep their deposit into another account that does not have cross collatoralization. 

From what I'm seeing, it's a lot of people on here that don't have expertise in this market playing it down, and making broad sweeping generalizations that could apply to almost any market. 

This bill mandates massive and sweeping changes for Colorado real estate investors, housing providers and tenants, including requiring housing providers to offer lease renewals to tenants except in limited situations.Main points of the bill:1.

It works in coordination with a checking account with a bi-directional sweep so there's no manual transfer of funds necessary. 

Its normal to repaint, fill holes, sweep...etc to get ready for the next tenant.  

Bathrooms, kitchen, sweep/mop, off week.

It comes with both the Sweep Checking account that automatically takes any deposits during the day and pays principal first at 12AM each night "sweeps," over that money into the AIO or line of credit.Some features:-AIO or All in one - 1st position lien of credit accrues interest only after principal is paid at 12AM based on rate/365 simple interest and auto charges it to you balance on the 20th-21st of the following month (interest is basically paid slow and principle always first)- You get 2 accounts when you setup the AIO: 1) the AIO 1st position line of credit itself, 2) The Sweep Checking account- There are no monthly payments so long as you have available credit because the interest is added to your balance on the 20th-21st of the following month and that reports as an on time payment.- Margin on the AIO ranges from 3.25-3.75% + 1 month libor Index (which has lately been around .16% or so).

I sure like the idea of having lines of credit, and using to sweep income from our rentals into the line.