After after the renovation of the foreclosure (and a new school walking distances from the house) and getting the quick sale purchase up to date we got instant equity, not to mention the rising prices of homes in the area.

Did you abide by the Massachusetts Security Deposit Law?

Students pay a year upfront plus agent commision and deposit.

Requires $3,000 earnest money deposit, a bit much for a $24K property.3.

Bank accounts and what I usually deposit and pay out of each one.2.

My plan is to open a bank account for the llc and deposit checks into it built own the property personally.

I have enough for the deposit/down payment.  

Court will let you keep the deposit not necess the back rent.

I could imagine that the tenant will move out on his terms, meaning the last month rent is covered by the sec deposit, leaving you with a loss caused by damages plus a loss caused by insufficient time to locate new tenant.

Screen tenants and do background check on them and just require a extra deposit for damages the word discriminate sound like you you as a landlord that not for everyone you don't want people to report you about that just screen them you be fine.it will get you far in this business