Out of State Investor - Checking/Savings Accounts

[Kevin Thomas]

Dear BP'ers!  What are your thoughts on opening a checking account in the state where the property is located?  

We decided not to set up an LLC but through other forums we understood that best practices are to open a checking account for rent and expenses an a savings for CapEx, etc. We have good banking relationships in our hometown but wasn't sure if there was an advantage to a local banking relationship with a typical depository/local bank.

Thank you!!