how do you turn property analysis into financial mgmt plan

[Pamela Winslow]

Hello BP world! 

I am a new investor looking for my first property.  For all of the great advice I have read on this site, I have not found anything that explains the best way to manage a property's financials?  Should you set up a bank account for property for all incoming rental payments?  Is there a way to set up an account that can strip out the $ for 5% vacancy, 5% capx, maintenance %, ect and automatically set up individual buckets for each? 

Any guidance is much appreciated!