First rental questions

[John Kedziora Jr]

Hello everyone.

I am in the process of getting my first rental and I have some questions.

I want to open a checking account for each property I get. Should I get a savings account too?

Once the checking account gets over a certain amount do you stop saving money for your vacancy/repair/cap ex...  and use the rental cashflow for other properties? What amount do you save before you start sending the money to work elsewhere?

I am looking at places in St Louis. SFH's are around 50k.

So if I set aside 10k in the checking account and leave the cost of the mortgage and property management from the rent each month in the checking account so the account doesn't draw down, can I use the rest of the cashflow from the rent to invest in other properties?

Any help is appreciated!