If both are owned by the LLC, the long term rental is effectively being constantly exposed to the risk of the flip.That's my really short attempt to explain in written words. 

I’ll be getting out in Sep. 2022 but I just want to know if I should just learn as much as I can right now till I get out or begin the process of attempting to invest in RE out of state.

I then apply the deposit to that judgment and attempt to collect the rest through the renter or turn it over to collections.It sounds as if you need an education on the fundamental purpose and use of a sercurity deposit.

I passed both local and national portions of the test the first attempt, so it was good education. 

They rely on motivated distressed sellers who want to sell ASAP for whatever reason, but all the contract does is tie up their property while the wholesaler attempts to locate a bona-fide buyer. 

I have always thought about taking the first step but never attempted. 

It assures me that they aren’t over-extending themselves into a living situation they can’t afford and it’s brought me even more peace of mind than the 1st&last’s security deposit ever had while making me happy to invest my time & money assisting the family w/ tailoring the unit to their needs (mounting tv’s, making minor repairs to squeaky floors, sticky cabinets, childproofing, etc) so they don’t attempt to try their hand at amateurly repairing things themselves which always makes things worseThe increased fee has made me rationalize the time/cost investment of time while also strengthening the  relationship & respect (both ways) than I’ve had with the average tenant. 

I attempted to post the youtube link here but failed. 

It's obviously a gamble when you deal directly with the listing agent as they are "making best attempt" to share their fiduciary duties.

If you let him pay partial it shows he’s attempting to pay and the judge may throw it out because you are working with him and allowed him to make a partial payment.