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The bank does all the work here, reports interest to IRS, and doesn't charge any fee to me, what could be better.According to landlord.comhttp://www.landlord.com/security-deposit-law-guide...CT, DC, FL, IL, IA, MD, MA, MN, NH, NJ, NM, NY, ND, OH, PA, & VA require.

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Your CPA or tax professional can guide you.I hope that helps.

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I also bought a $99 guide online.

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Ideally if you have a good architect and contractor on board early in the process and you ask them the questions and they are part of the team, they will help guide you through this.

Find a neighborhood you'd like to farm and send out postcards offering a free home seller's guide.