I simply have a lease agreement and in the lease agreement specify where the rent payment needs to go such as bank account info and account number.

And you should treat it as such (separate bank accounts, contracts, insurance, etc.). 

Account Closed Thanks!

Net funds are distributed to account of choice. 

Account Closed  that makes  sense  however at 250 to 350 that's not a very big mortgage unless its an old one and is sup prime.

When I tell him all of the ways you can account for these things and budget it into your expenses to make sure you still come out on top, his counter is "then why isn't everyone doing it?"

The Bigger Pockets buy & hold analysis calculator does not take into account the tax benefit of long term ownership, which is substantial.

If someone disputes, paypal will likely side with them and take the money from your account to refund them, and if there isn't enough money in your paypal account, per the user agreement they can pull it from your bank account.If you are out of state, why not hire a PM?

Originally posted by Account Closed:Yeah Money should be banned.

Account Closed I don’t believe that violates anything with FHA as they do allow for what is called border income - if you rent bedrooms out.