Personally, I like having a business account with an institution that has enough branches that I can easily utilize it from multiple locations and that my tenants can use for depositing rent. 

She deposits it directly into the bank.  

A furnished home allows for 3X security deposit compared to 2X for an unfurnished home.

What would be the transaction to account for deposits when initially buying a property?

Picking the specific micro-markets to match the answers to my questions above demands an in-depth market analysis. 

First time landlord and I finally rented out my NJ property!  Per NJ law this must be an interest bearing account located in NJ but I am not physically in NJ to open the account as I already moved to Florida.  Can any...

For example Auction buyers bid $110k deposit placed at auction $10k note rate 5% Unpaid balance $100k x 5%= $5000/12 mo. = $416.66 mo. . . .

Also make sure you get the deposits as you are going to be the one who has to return them. 

If lack of deposit is an issue, just do some flip-n-sell first stack some cash up then go for BRRRR after.Other than that, talk to more mortgage brokers just shop around.

This could be because people don’t have the lease up costs like first month’s rent and security deposit available or because people are beginning to move back with mom or someone else.