what is the penalty in PA for not depositing a security deposit into an escrow account or bond...over 1 year since lease started and security deposit paid

Again I have a low paying job and live in a high priced area... so thats why I'm hoping to go this route than a hard money lender.If all of this goes as planned and I flip enough properties for a profit, all of my proceeds will be put into a savings account and used to buy an apartment complex at some point in the future.So thats pretty much it, before all this I thought about doing wholesaling but know its harder to get sellers to sign their homes to you and I've never been a good salesman either, let alone any potential legal issues with it... so I don't think that's the right path for me.Any input would be GREATLY appreciated!!

Pay yourself rent into your account for you can save that for maintenance or potentially your next property.

Account ClosedThank you for your input!

My mind is made up, but thank goodness for this forum and the knowledge I have learned in such a short  time I am now a much more confident landlord in knowing and understanding the TAR contract as well as TAA and my rights etcAlso studying about tenant proofing. 

The next step is to wire the 3% Earnest money deposit to an escrow company with a wells fargo account.

She's lived there for over three months and hadn't set up her own utility accounts or paid her deposit.

These include bank accounts, stocks, bonds, mutual funds, and so on.

I wouldn't look to charge $10 if it was $25 more than the 12-month average, because it's not worth the accounting time.The bottom line is MN does have laws on what you can do and how you must inform the tenants of utility history costs if you plan on billing back. 

I can provide all of that with skin in the gameare you activily looking for partners and or PPM type syndications  where you manage them.. at your level seems like the logical next step.. sure would rather go with someone of your ilk than someone who just took a Brad Sumrok study course and is going to be their very first syndication or partnership..