The force you to come up w business name on the spot to do business cards and reserve website url for a website they host, for a url they own - if you leave, they own those digital assets.

The investor generally needs 6 months of "reserves" or savings of mortgage, property taxes and insurance (and HOA if applicable).

Keeps the large expenses at bay for that first year so you can build up those reserves.

Our general system is run the initial payout reports, verify all reservations from our reservations sheet, verify owner charges, fix any issues, issue final payout to owners.We only use 1 trust account and 1 operating account, with the same bank. 

20k is not going to get you anywhere at all in Northern NJ and don't let anyone tell you that it will. 20k is just your reserves you need on your first deal.

If mixed in with your deposits and reserve funds, you may accidentally spend money you shouldn't have. 

I have a maintenance reserve account I fund with over $3,000 for repairs a month.  

For finances, we can stay on the residential side of things with mortgages until 10 mortgages or when it gets challenging with regard to reserves, and then we used commercial mortgages which lenders expect ownership in an entity (go look into entity formation), and from that side of things we need to show income. 

Some may require you to have a certain amount of experience or in place of that have a certain amount of cash cushion available called reserves.

It looked like they required 6-monts reserves for each property you own.