I recently read in a book that suggested I should open a dual checking and savings account, and take the security deposits from my future tenants and store them in the savings account, then use the checking to pay the mortgage or maintenance fees.

Hi All,I am interested in a property with 4 (1Bd+1Ba) apartments. The building has a retail storefront. Is there any chance of getting a residential loan on this? Central NJ. 

(By using ~$140k, you're indirectly referencing 25% of the 2021 conforming conventional loan limit, so I'm guessing you read $137,062 on a VA COE issued during calendar year 2021 that you came across for some reason and "about $140k" is what your brain stored)But for folks with no outstanding entitlement, that limit was tossed out the window right before COVID, one of my main wholesale lenders is doing $4,000,000 VA loans on up to fourplexes with 0% down as of yesterday (how smooth was that California military veterans relevant plug, and that keyword/SEO drop right there?

Has anyone used one to "store" some excess capital gains to defer Taxes?  

There is one book for 49 states and a separate book for California.You can store the deposit in an interest-bearing account or in a non-interest-bearing account.

You need to store info, collect rent and keep all correspondence in one place.   

Does squatter have furniture in there?

And you have to pay the sheriff to store the tenant's crap if they leave it behind on eviction day. 

The stores make a ton of money selling the upgrade.

I'd offer an easy online solution if they don't want to use their own provider.If a tenant can't afford renters insurance can they afford to replace their clothes, furniture, electronics, stay in a hotel, etc.?