Handling funds for different rental properties

[Justin Sumulong]

When one owns multiple rental properties, would it be recommended to have multiple checkings/savings accounts for each property or can more than one property be handled in one set of checking/savings accounts?

I understand different states may have different laws/regulations for this. In my situation, I live in Illinois but invest out of state. I am just looking for any general advice, pros/cons, thoughts, etc.