Currently, my setup is a separate bank account with it's own debit card to hold deposits, track expenses, and track income.

In Florida they tenant loses their deposit and has to pay double rents.

You can do things like request updated tenant information, new signed leases that kick in at close of escrow, rekey or get key copies, estoppel agreements (outlining the deposits held by the selling owner),  etc.  

. - Making sure their responsibilities and your responsibilities are clearly defined, giving heads up about workers coming in to do upgrades/maintenance, being proactive about renewals, deposits, strict about the lease agreement (but lenient when it makes sense), etc. has been instrumental. 2.

Cost of Tenant rollover (after the security deposit is applied)Avg.

Here are a few tips to help you score that first deal:Network: Join local real estate groups and online forums like BiggerPockets to connect with other investors.Find Motivated Sellers: Look for distressed properties and consider sending direct mail to homeowners facing tough situations.Research the Market: Know your area’s property values by analyzing comparable sales using sites like Zillow or Redfin.Craft Compelling Offers: Highlight the benefits of a quick sale to sellers and consider a solid earnest money deposit to show you’re serious.Market Yourself: Use social media to share your journey and post flyers in local spots to attract leads.Stay Persistent: Rejection is part of the process, so learn from it and keep refining your approach.With your big business mindset and hard work, you’ll make it happen!

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

You can deduct that from their security deposit, send to collections or sue them. 

I deducted $250 from her deposit.  

@Alexander PhillipsAs long as it’s vacant the day of closing and your inspection - not sure you have a way out of thisIf you walk away you could lose your deposit