Sounds like internal accountability is really important to you!

Some will accept a HELOC or cash-out refinance as liquidity, while others require liquid cash in a bank account.

Please consider this if you move forward.Additionally, you need to have a broker on payroll in illinois and three separate bank accounts with the security deposit trust account located in illinois.

Quote from @Maryann Nichols: I'm looking at going with the pro account, but it seems like the program focuses mostly on rental properties. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Additionally, managing series LLCs can be challenging, especially when it comes to opening bank accounts or handling titles for individual cells, which can create unnecessary complexity.

I also utilize BP calculators through my professional account to underwrite deals.

She's an accountant in CT, but lives in CR most of the year, so I would assume she knows some local folks.

There are a large number of accountants who would counsel that you not purchase that property. 

Or can you still run everything through your personal return (just want to make sure that I can deduct things such as HOA fees which I can do if it is a rental).2) If I do decide to run everything thru my personal tax return (save on LLC fees), should I at the least set up a separate bank account to track costs separately?