Pursue those things first for the security deposit.

Cash for a security deposit, and additional savings to cover times when things aren't so good.

Definitely get a deposit from her and make sure it is enough to ensure she will comply with all the terms of the agreement.

Hi all,   So we finally got our former primary home, in Washington state, rented this weekend and I know enough of the Washington tenant law to know I am supposed to put their deposit in an escrow account.  

@Guka KaguDid you have a security deposit?

My wife and I used the HELOC on a property we owned for an earnest money deposit in an offer we placed for a different property but got the "daily interest accrual anxiety" if that is a thing.

That being said it costs you nothing more or less to have it at the ready ... especially since all docs for the purchase need to be in the same name... the offer, the earnest money deposit check, the contract, &c.If going a different route, the purpose  of a legal entity is often for protection of other assets or for taxation issues.Take your pick among all; but first decide your course.Much success.Bob

They meet the prospective resident(s) at the property, run their checks on the first or what they feel is the best fit, collect a deposit, and sign the lease. 

Hey guys,How do you automate seller-finance payments so that they auto deduct from your account every month and auto-deposit into the seller’s account?

We're able to park idle funds/deposits on that balance and save interest cost.