First deal nearing close - timeline of operational steps?

[Brad Henson]

Hi All - after 4 properties under contract, it's looking very promising that my fifth will finally close, and be my first property! The closing date is early December (subject to change during renegotiation). There are a few outstanding items I need to complete, and I'm wondering when I should do so:

1) Set up LLC to house the property - I've read this needs to be done before closing (?)

2) Set up a business checking account specifically for the property

3) Choose property manager (have been vetting/interviewing 3 different ones already)

4) Meet with current tenants, if necessary? Rents will be raised nearly 40%, and even that is below current market rents. The tenants want to stay and have all been there for years. They're aware the rents will be going up.