Set up a bank account for rent and another for the security deposits in escrow.

Bump up your insurance line-item - commercial insurance for STRs is something you'll need, and it's notably more expensive than a regular homeowner's policy.  

Hey @Chris Watson, got a question for you:What does it mean to 'secure the building' in your branch of the armed services?

After 6months of jumping through hoops of securing financing as a self-employed person, searching for the right property, getting the offer accepted, negotiating roof repairs with the seller to meet the FHA guidelines, I finally got it closed.  

When purchasing a rented property, what is the best practice on handling the rented units security deposit?

I currently enjoy my W2 day job so I have no need for cash flow now, but still like investing in real estate for future financial security and potential early retirement. 

You're going to be hard pressed to find a bank that is going to give you a regular loan on a property that needs a lot of work. 

., including private mortgage insurance payments in addition to the regular monthly principal/interest payment) and that you consider all the up-front costs.

With an inherited IRA, you need to ensure the cash flow your real estate investment produces will meet your need for taking required distributions.Real estate can actually be a very good investment for an inherited IRA, as the principal is secured by a less volatile real asset that produces consistent income. 

One of the two stabbed someone at a gas station - I recognized them from the news article (they had security footage), and they've been turned in to the police (the police have all their info, but haven't acted on it yet).