And how much of this (taxes, regulations) is a reaction to investors setting up STRs anywhere and everywhere without any consideration to the neighborhood they are doing it in and the impact on that neighborhood.

Even if you joined a good mentoring program in another location, they will probably tell you to start building a team in your target market, so the end result is the same.Again, I can only speak firsthand of the Sumrok program, but I can tell you that Brad's students are absolutely doing the things you mentioned in your two bullet points.

Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

If you can swing it, increasing your down payment to 25% or more might help boost your cash flow and make your investment even more sustainable.Your long-term goal of buying and holding, with a target of 20 properties, is definitely a winning strategy.

So yeah, he set that one up for failure from get-go. 

The appearance of these conflicts is the exact reason we have chosen not to set up a separate maintenance company.4) As others have said some of these might be security deposit issues.Best,Rick  

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

If you have a seller-financed deal, I can help you line up a DSCR loan and set up a second position behind it so you don’t have to come out of pocket much.