. -- chart of accounts is just the starting point-- rent roll-- tenant - invoice, statement, payments, credits, recurring rent - advance-- security deposits -- work orders - completed, tenant's call, --lease expiration -- email's - has also a mini CRM build in--as to owners - summary and detail, reserve funds, -- Get reports for everything you enter... create pdf or export to excel .

I was cut a check for the tenants deposit.

$XXXX is paid herewith as a deposit to bind this offerB.)

If you buy it, the best is to put a larger deposit down and tell the seller you want it vacant upon closing. 

I think it depends on how they are depositing the rent.

Most folks are depositing claimant checks in their bank accounts using a POA,   I spoke to one Assistant Manager here in Cali and she stated that they would not accept a check  that was not endorse to me. 

I am 20 year old so not sure if I have to be a certain age or have enough funds to deposit into my account.

They had given a deposit and I was holding it a couple weeks for them.

This monthly reserve deposit will depend on the level of deferred maintenance and age of mechanicals and hardware within the property. 

Again lease has already been signed and deposit has been given.Friend or person leasing wants to move in regardless of repairs and is willing to negotiate lease terms just to move in, since they planned their whole lives around this move.