If during the tenancy you decide to switch bank accounts to hold the deposit, you must give the tenant notice of where the money is being held within 30 days of moving to the different account.

We could also go with a private money lender on the $190K - just need to find the person!

But I would say “Consider your timing.”Real estate is expensive right now, and money  is expensive right now (APR wise).The fed is expected to start cutting rates later this year.  

I turn to the boards for support, as they've been helpful in the past providing insight.

For Section 8, if they damage your property they will LOSE their Section 8 money.  

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That's where I save a lot of money on the build.

Those are all fixer-uppers and people are using hard money to minimize cash out-of-pocket.FWIW, cap rate is an irrelevant metric for single family, which uses comps to determine value. 

You have the option to put less money down and thereby leverage the banks money if you choose. 3.

What I mean is this Money market at Bank of America pays for instance 4%, the money market local Bank of Bricktown Pays 4.5%, an online outfit is offering 5%.