Hello All, I am a first time real estate investor that is looking for information on best practices for setting up a checking account and arranging payments from tenants to be received on mobile apps. 

Really quick......some think its a dishonest, illegal practice since it could be construed you are "hoodwinking" the seller since you aren't going to be the buyer AND the fact that since you are making a buck on the deal, you cheated the seller out of money that they could have earned......some wholesalers aren't upfront with what they are doing so people get pissed off......Legally, you need to be able to carry through on the deal in case you don't find somebody to sell your purchase rights to. 

You have two options here and best practice is to use both.1.

I personally that you have to pay taxes at some point unless you are going to take it to the grave with you which is not very practical due to the following.1) The 45 days is almost impossible to execute.

Now the current administration wants to increase taxes and regulations. 

Second, commercial lending isn't as complicated as it seems and in many ways easier than conventional because less regulation.

Congress limited their scope to federally backed mortgages to avoid challenges on illegality accusing them of regulating interstate commerce.

The day I became a licensed contractor is the day I realized it means practically nothing. 

Here is how it works in practice: 1.

Is there a suggested plan for best landlord practices like increasing deposits, gathering next of kin, emergency contact info or or adding some language to the lease to make the inevitable easier on all involved and yet stay totally federal equal housing and local law compliant?