As I said, it took less than 10 minutes for the guy to set up the account. 4- Fill out and give to the tenant: a Security Deposit Certification which will include the tenant's name, landlord's name, date, premises (address of rental property), lease start date, security deposit amount, name of bank, address for bank, account number, along with the legal blurb about security deposits.

In addition to the podcasts, set up keyword alerts for areas and topics that you're interested in.

Hey Loretta,I'd suggest setting up keyword searches and looking through BP forum posts that mention your area(s) of interest.

I want to take into account quality of life in a given city.If you have not read Scott Trench's book Set for Life, you should it was one of the best real estate books I have read for a young person.

@Steven LewisI'd just use excel for tracking all expenses and income related to that property.For getting paid, you could use PayPal to make payment requests.You could set reminders in your phone to remind you to send out those reminders. 

Setting aside any personal biases towards the product the only people who negatively impacted by the industry (from a RE perspective) are traditional tenants competing for industrial space who are repeatedly priced out of space.

They can either set up an ACH, mail it in, or take it directly to the bank to deposit it. 

With the risk of oversimplifying, the underwriters set the "global" rule.

Will likely not provide any more personal protection than insurance and set up improperly will be worse than not having a LLC at all.The HOA basically negates your savings on the property purchase however if the property cash flows you may still be OK.

Fast forward three years later, we are on our second set of tenants.