You’re definitely on the right track by planning to open separate bank accounts for each property and the holding company.

In your opinion what do you think is the best property to start with?

For example using and LLC to take revenues from properties Etc.

A good PM protects your monthly income and your overall property value.A skilled property manager will protect your property, income, time, and sanity.

Either way, the property will cash flow like crazy once my unit is rented.I have enough capital to get into a bigger property with low money down and am seriously considering a triplex or fourplex for the next one.Here’s the issue: My lender (local bank) says I need to be fully moved out and have a lease in place before they’ll proceed with my loan.

@Alex RosenFollowing this thread as well because I also have a few unmetered properties and wasn't able to get the meters installed before the deadline.

What vintage property are you looking for?

Yes, you can convert the VA to an investment property and buy another one. 

Tony,Do you have any properties that do not have a PPP?

I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).