@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.

Certainly one account for each LLC, (separate for security deposits based on your local rules)

We’re trying to secure coverage for our LLC to protect against situations like missed disclosures during a sale, professional negligence that may affect a future buyer, etc.

Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

I completely agree with the importance of securing a good W2 job, living below my means, and investing in real estate early on.

Would it be a good idea to take a deposit to secure the deal until the rule clears?

So far, I've reached out to a company called Lloyd Security who appear to be able to help with wifi surveillance and access panel.   

It sounds like you’ve got a solid plan in place with the bank refinance to secure long-term financing.

Most tenants pay using secure ACH transfers from their account to mine.

We buy at a discount and pledge our legal right to collect the debt (a collateral assignment agreement) as the collateral for the private capital loan we take out, which is backed by the value of the real estate securing the 1st loan.