After putting about $50k into the property,  I’m just about $25k from meeting my completion goal that includes stucco, drywall, and siding.

My long-term goal would be investing in large scale hotels, I know I know, that's quite ambitious, but I don't mind starting small and working my way up there, as long as I start from somewhere!

So, setting aside the cash flow he enjoyed for the last 40 years, he has a profit of $305,000.  

One of the turn key companies that I found through bigger pockets doesn't have properties available in the areas that this new company I working with could potentially set me up for.

I’d love to hear about your goals and what you’re hoping to achieve here.

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.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

This ensures you focus your time and resources on deals that align with your goals.

This includes all charges paid, utility accounts set up, renter's insurance established, lease signed, etc.

I know the work that goes into setting up a vacation rental.