Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It has worked so far, but there are few things about it that we've had issues with (security deposits, rent receipts, etc.).

Some arbitrage operators also try to get multi-year lease terms, security deposits waived, free rent up front, and the like.

You should use a state-specific lease that is clear regarding the start and end dates, the monthly rent, the fees that will be charged (ex. pets) and those that may be charged (ex late fee), the amount of the security deposit, and a clear list of rules associated with the property (no smoking inside is a big one as are rules related to parking).

After  exhausting security deposit is sometimes less expensive  to give them a stipend to leave.

Lender 2 requires 6 months reserves. they want the borrower to document any large deposits and they want mortgage statements on any investment properties listed on the 1003.The point is different lenders do different things and it's important to not generalize as a broker, but interview the borrower, find their pain points and marry them with a lender that will minimize those pain points for a successful close. 

So, what would be the difference of depositing rent payments monthly to the SDIRA (and taking my SEPP payment monthly or annually)?

Now, when were asking them last month rent they are saying adjust from deposit.

Did you give a deposit and what is being done with that?

It also can collect rents, pet fees, cleaning fees, etc. and deposit them.