Security Deposit - ETF/Stock market

[Taylor Howe]

Hi all,

I am currently house hacking a duplex in Missouri.  I am wondering if anyone has thoughts on taking a security deposit and investing it in a liquid investment (ETF or Index funds not a CD).  

Thanks!

Taylor

[Eddie Memphis]

Don't do it. It's not your money so you don't get the dividend or interest plus you have to issue a 1099 to the tenant at year's end. 

Open a free checking account exclusively for the deposit and don't touch it or co-mingle funds.