So long as each LLC does not own more than two residential dwelling properties, or more than four dwelling units total, the LLC may require two month’s rent as security deposit.Although elsewhere I have expressed the opinion that placing each rental unit into its own LLC is maybe not necessary for limiting liability, if an investor is subject to the new security deposit limitations, the idea of limiting the number of dwelling units in any LLC to four rental units, now has an added benefit of allowing the LLC to require higher security deposits.Below is the pertinent portion of the statute:(4) (A) Notwithstanding paragraph (1), a landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in addition to any rent for the first month paid on or before initial occupancy if the landlord meets both of the following requirements:(i) The landlord is a natural person or a limited liability company in which all members are natural persons.

It would be a long term rental.

As long as it is the same or higher, typically you are fine.

The downside is you have long leases, typically longer vacancy, and higher financing costs than MF.  

I know the Marshall’s office had a backlog of evictions to handle, but 8 months seems like a long time.

I am trying to learn more about the investing world, how to get to be part of big projects, flipping houses and how to find an investor.

You might make a few mistakes a long the way but that's okay!

We have chosen single family housing rehabbing (fix & flip) I am looking for mentorship and great people to guide me or even partner with this field.

I grew up in Memphis where I own 4 long-term rentals that are SFHs.

Kris Thomas and Jessie Griffin, owners of land flipping 101 have some ridiculous terms and conditions listed on one of their websites they are claiming I am bound to.