(They will get $5,000 deposit if we fail to close in 3 days.)

Do your due diligence, cost it out, determine the cash received, estimate expenses, have reserves, determine the benefits of holding, buy it and move on. 6 months later review it, then at tax time, thereafter count your money from your deposits to your accounts.

.* Also security deposits cannot mix with your every day bank account, so you'll need an account you can put the security deposit in where it can sit as long as required until the renters move on. 

Direct deposit each month is wonderful.  

It was poorly taken care of and is totally maxed in capacity, soil can no longer drain property due to deposits.

I would also tell her that most landlords would want an extra $15.00 a month per animal as well as a $200.00 deposit per animal.

If you simply operate out of it by depositing checks into the business account and then taking a draw or something is that enough?

It would also be fair to discuss the costs associated with the compliance burden, both in dollars and in employee time, but be sure to limit those comments to new rules and not ones you are suppose to have been in compliance with for years.It would also be fair to complain that your small lending operation that uses your own money (that would include money you borrowed) rather than federal money or insured deposits to make loans with is required to meet the same "safety" standards of a Freddie or Fannie loan.

Water companies in some areas require applications in person, along with cash, bank check, or money order deposits.

"Pay 3% on deposits, make loans at 6% and be on the golf course at 3."