Docment, document , cdocument, inspect and take pictures to show excellent maintenance.Once you are sued, Get a good attorney.What do you mean by "erroneous lead paint cases?"

@Gene Hacker excellent point and excellent strategy! 

Usually, the trait take their job very seriously.Thank you for the excellent advise on getting the unit to inspect first by her prior to renting it out.What struct me during my conversation with her is that she mentioned she only gets into the unit to do the inspection if the tenant in that unit calls her.

No one at either bank is going to care, and neither will the IRS.The only thing semi-unusual that will happen is that the maker's signature will absolutely be verified (banks have different levels for where they do this, but I'll wager none is higher than $25,000), but outside of that, this is a run-of-the-mill deposit.If you get a wire, the funds will be available immediately, but the bank will sting you for $30 for the privilege of processing an electronic transaction that cost them about three cents to administer.If you get a check, there will likely be a considerable hold until the funds have absolutely cleared, unless your account routinely has checks in these amounts going in an out and the bank is comfortable giving you credit sooner.If you get a wire, I would ask for a short letter from the sender that says this is a loan repayment.

Property Management Software/Accounting (Not excel)7.

I tried Podio but was not able to create reports and search excel files for address like what I can do in.

I'm sure your background in home improvement and the time you have available should prove to be an excellent asset as you also find as been active in this forumn.

Worth noting I have excellent credit and rental history.

@Ian WrightMost investors will run it through an excel calculator - especially a non performer to calculate the acquisition cost, holding costs and potential amount recovered at exit to determine their return.

Either way excel and hand writing stuff is utterly painful to even think about.