When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Just make sure you set enough aside for capex, vacancies, unexpected insurance increase, taxes, tax professionals, and local considerations (excessive heat? 

To avoid all issue we charge a flat fee to both tenants and we pay the bill.

Detached ADU behind SFH, on flat ground with excellent access, in Adam's Point/near Lake Merritt. 

Most property manager cover all the services you offer charge a flat fee of 20% gross revenue. 65% is exorbitant - its 3.5X the market rate.

If you read through the posts on subject to in the various threads, you find people who believe subject to takes advantage of sellers, takes advantage of buyers, is unethical because lenders aren’t “informed”, violates some “duty” a borrower owes to a lender, or is flat out illegal.  

My wife and I own a two-flat in Chicago, and we're planning to upgrade our heating system.

This is either splitting it or a flat fee.

What are Best Practices for Agent Remarks when Listing property with a Flat Fee Broker?

Hello @Brian Coffey - Checking in to see if you purchased that Chicago 4-flat?