I have two houses now (one is my residence) and getting ready to make an offer on 1 maybe two others...so for me:Work at a full time jobSolid creditno current difficulty with income to debt I am sort of a planner and am told that regardless of your situation I'll likely be capped at 4(ish) mortgages...even if I am not, after four or five purchases I will be out of deposit money and likely would have other ratio problems.

I always designate in our agreements who the primary tenant is, naming the one with the highest likely hood to be able to continue paying.Something to think about is the security deposit; will the wife expect any of it when she moves out?

I had no idea this was going to happenDoes anyone know if I can require a non-refundable deposit from the next buyers?

Clear communication with the tenant from the beginning and a sufficient security deposit to cover your real losses is a better approach.

What about a trust account for the security deposits?

Good luck getting more than the deposit.  

Receive security deposits and first month rent from tenant.r.) 

Also, expenses need to be paid from the account and income needs to be deposited into it.Please correct me if I am off base on this one.Thanks

I did miss the deposit. 

If I am right on this one, it will be gone in no time.Any suggestions from a seasoned Investor on how to flip this property or perhaps use the current rent roll and security deposits in conjunction with a an equity partner to buy and hold?