They claim it is a triplex (two regular units and an "efficiency unit".

After a few months you figure out that your team has not really engaged your property on a regular basis.

I make my regular interest-only payments for the first 7 or 8 months, and my interest-only period lasts 5 years.

In other words, I already have a checking and savings with BoA, but I would create a 2nd savings account (within my regular account) and put all the rental properties last months and security into that account (combined).Is this the correct way to prevent co-mingling of funds, or what would you recommend?

But there's no body of case law indicating that to be a concern.

Keep in mind that tenant screening, regular property maintenance, and understanding the inspection requirements for Section 8 are crucial for success.

@Mohit Gupta  depending on number of occupants your regular insurance can cover it, read the policy, ours covers two roomers. 

If there are changes you want to make then send your tenants official notice of those changes via in person delivery or certified and regular mail along with a copy of the new lease.

So the duplexes are in more quiet secluded areas and rent to more of your regular 9-5 workers there are more than people think but not much for sale. 

This is very much in contrast to Texas where it is not fixed and regularly between 3% and 4%.