Bank Accounts for STR’s? What do you do?

[Wesley Myers]

Been reading a lot of different scenarios for bank accounts with rental properties. Wanted to get your suggestion on my specific situation.

Just purchased our first STR condo here in PCB. Have $10k in reserves for repairs, unexpected expenses, etc... planning on setting up one separate account for everything. Reserves, income, expenses, all.

I haven't established an LLC yet but am considering since we own it 100% no mortgage. Would this be wise? Would like to purchase a few more on down the road and will set up separate accounts for each.

Does this route sound ok?