Of course, you can do this in a stand-alone rental, but numbers are incredibly tight for house hackers now, so I thought it would be better served in this forum.Let's take a four-family where you house hack one of the units:1.

@Keira Hamilton can you suggest any forums similar to this one but specific to laundromats?  

By no means am I suggesting the funds should not be held correctly but there are other areas a landlord should focus their attention if they are concerned about tenant related liability. 

I then suggest setting up a bank account where there is auto pay.

To win the STR game, especially if you're a new entrant, the most important aspects are 1) Amenities2) Location3) Property type4) UniquenessAll are geared toward you standing out on Airbnb/VRBOHot tubs, fire pit, bowling alley, pools etc. or being in the best location in an area as well as being to host a large group are all things to help you win.

But, I suggest you start off with www.RipOffReport.com to see if there is anything obvious to avoid. 

I will suggest you plan to House Hack a Duplex or Triplex or Fourplex every year for the next 4 to 5 years and you will thank me later.Goodluck man and keep us posted on your progress!

You have lots of income suggestions, work on them and remember it isn't forever.

I suggest you go back and re-read my original post. 

The only thing I'd suggest is to raise your rents unless you think you're at the top of the market.