I file Sched E (passive income, no LLC).

In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.Its not always possible in my asset class, but I try and pick tenants that have something to lose if they stiff me or try and clawback an e-payment.

@James E.

@Yongjian Pan Yes, mortgage interest for a rental property is deducted on Schedule E of your individual return against rental income. 

This platform has been so helpful and encouraging but I have yet to get plugged in.

@Greg Scott So I'm trained in Express Offers, which is eXp Realty's iBuyer platform. 

@Dave E.

@E Brady this thread fro yesterday does it very well. https://www.biggerpockets.com/...

I like their platform though.

Its 2020, this system feels like from 1980, and I keep trying to figure out why he wouldn't set it up on an automated platform where you don't have to be depositing 34 checks every month, and messaging numerous tenants to remind them their payment is due.