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

Consult eviction attorney regarding commercial; I'm specifically a residential PM and commercial usually has different rules because of the nature of the investment and occupancy (tenant doesn't [usually] live there)

in a moderately low-risk market, given my low risk tolerance.

The rental market is a dynamic environment, and one constant is change.

Properties with fewer than five units are classified as residential, making the loans ineligible for sale on the secondary market through Fannie Mae or Freddie Mac.

I have found my market and have created my team thus far. 

The markets we are leaning towards are Texas, Ohio, and Indianapolis.

Listen to podcasts, read books, and if you plan to invest in the Netherlands find some resources that speak to that market specifically.

What's the condition of the unit comparing to the market houses?

All of those markets on the KS side are strong.