I deal with risk mitigation all day long, and EXPERIENCE is by far the best mitigator!!

I believe it takes a few days for the payments to clear, there's no fee, and the beauty of it is it gets treated like everything else they would auto-pay.  

My predicament comes from the situation of living in one of if not the most overpriced real estate markets in the world right now.My goal in joining this forum and building relationships with the people on this site is to navigate this difficult real estate market in order to advance my financial situation to better the life of my family.I understand allot to starting in this game is taking action and not sitting back on the fence but I find myself in an area that doesn't allow for an ideal return on equity as far as real estate investing for flipping/renting for positive cashflow.I look forward to having productive conversations with the fine people here on biggerpockets forum in hopes of helping other people succeed while succeeding myself in the ever changing world of real estate.Cheers,Matt Bouwman

Hello Guys,Ideally, I want to set up one account with the tenants, however; be able to control which bank and account # that money ends up going to.Reason:  I am dealing with multiple banks for loans, HELOCs etc.  

Ideally, you should structure this so you don't start making payments to the owner until you have received a payment from the tenant.You still get CASH FLOW!

Florida would be ideal for me personally.

It is true that to a professional thief they can bump or pick Baldwin, Schlage, Kwikset, Defiant etc...although I think Baldwin, Medeco, Schlage will be harder.I once spoke to someone in auto security back in the days when we used THE CLUB (remember the club its a metal thingie that locks the steering wheel) and he told me the difference between a car with a club lock and without is about 7 to 8 seconds.

I guess you could drop your rents if you passed those expenses on to the tenants, but that doesn't sound ideal from a landlord perspective. 

I'm sorry for the spelling my phone has auto correct.

We currently have two applicants on the house, both of which have positives and negatives on their credit reports, so I am hoping I can get some input from more experienced property managers/landlords.Tenant applicant A (husband and wife):- Both credit scores meet our minimum requirements- Income meets our minimum requirements and then some- Only a couple debt items (auto payment, credit cards, etc).