Asking specifically when it comes to situations where tenants would rather have options similar to deposit cash or check at some bank.

You must properly treat the LLC / Rental like a business.Rents get deposited into the LLC Account.Expenses get paid out of the LLC Account.You can make contributions / distributions to / from the LLC Account.Try not to receive rents or pay for expenses directly from your personal account.Best of luck

It always helps if you have your deposits at the bank you are trying to get a loan from.

I'll be making two changes on future leases as a result of this - increasing security deposits; and making rent due by the 1st (current grace period is through the 5th).http://lawfilesext.leg.wa.gov/biennium/2019-20/Pdf...

I got a pre-approval and sent in 7k as a due diligence deposit (before I learned to NEVER do that).

Would be really grateful for guidance and thoughts on how to be productive between picking up and depositing rents.

Deposit is non refundable (unless I as seller  cannot close) If you are really a "Cash buyer" that having the cash to put down for a decent size deposit shouldn't be a problem.

In that 6 hours of signing, wife and I both missed that the deposit transfers were not in new acquisition.  

Regarding the $795 "deposit"... it's now $895, it went up "just last week", but i get a sense that, as @Dev Horn stated, it's more to keep the yahoo's at bay.

Thank you for the advise @David Abellard Jr  since I have posted this add the county allowed me to get my money back less the deposit of $5,060.