Then figure out which areas you want and decide if MD, VA or both are worth getting to match your goals.In DC you have to take the class in person so I believe you get more out of the course. 

If a tenant were to decide to move out and break the lease over paying for a repair they caused, they would likely lose their security deposit.

 #1 Our first mistake was allowing our first tenants to make a deal because they didnt have deposit.  

.- loans esp. jumbo,commercial, and HML are cheaper in CA due to competition (3% 5yARM w/25y amortization in hot metros matching the low 2-3% cap rates!)

This will help weed out first term folks that are either not very responsible yet or that may be forced to live in barracks and decide to get a place they can't afford anyways with some buddies b/c its more conducive to partying.I also give a military discount, but make it contingent on the service member establishing an allotment (military term for direct deposit) to me so I don't have to worry about collecting rent.

You could also keep any deposit they put down due to the breach. 

Does anyone know if setting up a separate bank account for sales tax on rental income is necessary in the state of Florida, as is an escrow account for security deposits?  

Deposits are supposed to be used to repair tenant damge.

He found them a new apartment, paid for them to move and gave their full security deposit back.

If I get an acceptable candidate, and they agree to take the place and we either sign a lease (and we exchange one months rent and the deposit for the keys) or a holding agreement (and they pay a non-refundable holding deposit) then I tell the other candidates the place has been leased.