Banking structure for first property 3 Unit building.

[Christopher Forero]

Been reviewing others posts and watching some videos. For now not getting involved in an LLC, but want to act like one for now. Will be house hacking basement and have 2 rented units. Want to act as though I am a tenant as well and setup a 3 unit structor.

Goal is to keep CPA workload light and maximize my profits while limiting costs.

Was thinking
- 1 Business Checking account (Property): tenants Zelle rent to and all bills are paid out of, reserves (Cap Ex, Repairs, Vacancy) kept.
- 1 High Yield Savings (Business): Majority of CoC return deposited for funding future business acquisitions (earn some interest while building funds).
- 1 High Yield Savings: for deposits (pay tenants required interest and transfer rest to Business Savings account.
- Personal Checking: Drawing funds, receiving refunds for business purchases, add funds to business account if needed.

I made a terrible drawing to help as a visual aid. Thoughts? Also wondering how to handle Credit Cards... Just buy, pay through personal bank, and then reimburse self via business checking to personal checking. Best software to track all this for a decent price?

Thanks,
Chris