Their may be small fees to cover things like background/credit and then maybe expense deposits further down the road to cover legal.

You're limited to how much you can charge for a deposit and given less time to return that deposit.

Our first purchase, we did not receive 100% of these from the seller and we paid down the road for it because the tenants will definitely take advantage if you cannot prove damages when withholding security deposits.

I have a 2 unit rental property that's under my name and currently I deposit the rent and pay all the expenses from my personal bank account.

What I do currently:Allocate a bank account from which to pay all expenses associated with the rentals.Deposit all rents into that account and use it to pay rental expensesAt the end of the month withdraw whatever money was left over to bring my balance back down to $10k and use that to pay down my personal mortgage.What I think I should do for cash damming:Allocate a bank account from which to pay all expenses associated with the rental (Done)Deposit all rents into my personal account and use them to pay my personal mortgageAt the end of the month transfer whatever money was spent in the rental account back in from my the rental LOC to bring my balance back up to $10kI can now deduct the interest on the LOC which I'm not longer paying on the personal property.

Make sure you collect a security deposit as well.

Submit a deposit check and make it out to the escrow company the seller wishes to use, never to the owner personally.Pay attention to the contingency dates you include in your contract, especially if it’s for financing, and meet those deadlines to avoid losing your deposit.

We have paid a deposit for a VRBO in Destin FL for a June stay.

Win, win situation that I had no idea was going to happen.I deposited the check in the savings account I opened to get the loan and set up automatic payments for the next 12 months so I didn't have to think about it at all.

Plan C, sue the seller for your deposit, which puts a lis pendes on the property tying up the property, talk to a lawyer about that, since I'm not one and just giving you my opinion and not legal advice.