We will receive the refundable portion of the deposits as well as any pre-paid rent.

Rent would be paid to the LLC and put into one of the accounts, expenses would be paid out of the LLC account, cash would be kept in the account for future expenses, then the remains would be transferred to my personal bank account.

Rent is always paid in full but the agency, if the tenants screw up, I can threaten them with calling the agency. 

I paid cash closed then did my thing with the asset and resold it.. hopefully for pofit but sometimes it was a loss  :)

Hi everyone,So I am new to Real Estate! I have been watching videos, reading articles etc. In an attempt to learn enough about wholesaling to get started. I finally decided to take some kind of action. I bought a list...

I am dealing with a professional who moved into my home in May 2017 and paid the first few months rent.

@Kaynea Bingham, I don't deal with HOA's, for every condo that has a HOA there are 10 that don't, several apartment complexes realize that for the traveling person Airbnb keeps the rents paid on time so some apartment complexes have explicit addendums specifying not to short term rental, others look the other way, and some welcome it. 

IF NOT PAID back in that time you would have to go through the legal process of claiming the propertyMY Question, what have you seen as the average winning % for these liens?

I guess the buyer must have realized what he'd done and filed a motion to vacate the sale, after he'd paid the deposit. 

Unlike corporations, where owners may be subject to double taxation (the corporation pays taxes on corporate net income and the owner pays on any dividend income they receive), the LLC itself does not get taxed.