Larger banks like Chase or Bank of America definitely provide peace of mind for liquidity and long-term safety.

It seems to me to be a flawed safety net for new people. 

My tenants are often female, and they usually prefer being on the second floor for additional privacy and safety concerns.

Take control by testing the market fast: drop price into a clear range, loosen noncritical criteria, and widen your tenant pool while keeping safety and income verification tight.

Staying patient and deliberate will pay off as you grow your portfolio.

So make sure it is written as twice a month payment (or every 2 weeks)A clear red flag is this person has no saving as a safety net.

And if you want safety and surety, you will very likely not be getting much more than high single digits/low double digit returns.

The second step is to do a safety check.

@Arthur Luay At age 40, if your goal is to save for a down payment on your first long-term rental, the best option depends on your timeline and risk tolerance—but here's how each choice stacks up: A savings account offers safety and liquidity but earns minimal interest.

I’d recommend being patient and holding out longer to try to find what you actually want.