Setting up escrow accounts

[Patricia Mclean]

Hi I'm in Georgia and need to know that after closing a deal where you buy sub 2 then sell with lease option, do I set up an escrow account for the tenant to deposit monthly rents too and what sort of statement would the tenant get that shows what they paid and the payment being deducted and balance on the loan after payment? Are there escrow businesses that can handle that? Also, if you get a monthly spread after the mortgage is paid, how do you collect it as well?