@Rich Ngyou can have one account for all of your security deposits as long as it is separate from your operating account.

My only caveat that I'd like to share per my broker is that listing agents tend to underestimate operating expenses so if you're planning to conduct a transaction without buyer representation, make sure you know how to properly analyze the property on your own.  

if you see @Anthony CharaCheck out his profile, he coaches apartments, probably the best training for moneyMaster lease options on apartments can be a way to enter the marketplaceYou need to be able to guarantee the owner on a master lease, and you have an option to purchase a later date based on the lower NOI or net operating incomeI would start an LLC and get partners, you do the work in partners fund the company

I know that guys like @Lori Valene, @Aaron Ramm, @Tarl Yarber, @Ryland Taniguchi, @Brian Fouts, @Kevin Carbon all operate in the Tacoma area and would be interested in any deals you have dug up, I would certainly consider a partnership to help you learn the business.For other actionable steps, I would start spending a few hours every week scanning the MLS, Redfin, Zillow, etc. and learning what houses sell for in your area, learn the market and start learning how to estimate rehab/renovations costs.

- we got a good GC now for our rent to own operation).

We have a operation located in St Louis now and a couple of contractors that we have relationships with.We are looking to raise private funds to buy theses homes and are looking to partner with others for short term projects.

It's pretty insulting to those in the business who did study to watch these guru children think they can just walk in and start operating with some freaking strategy.

They are a pretty big operation with 10+ locations.

Since owning for over 25 years,  operation procedures are in place for management that requires little of my time as all aspects are handled by management.

For employee deferrals, you can contribute up to $18,000 of your declared income ($24K if you are age 50 or older), which would be the net operating income less the full 15.3% of employer and employee self-employment taxes.