Hi Michelle,Keeping tenants' security deposits in a separate savings account at an online bank is a common practice and is generally recommended.

Aunt/Uncle have a property maintenance company in Brainerd that partners with my PM, Cousin works for the local commercial bank, things like that... 

Jeff makes up repeated excuses and strange reasons as to why he can't/won't pay (i.e. family emergency, bank is rejecting wires, software/website is buggy, telling investors to go "f*ck their mother").I'm in a group with 30 other investors who were also scammed by him. 

Enjoy the journey and don't hesitate to reach out if you are feeling stuck.

I own a mortgage company now that does both residential and commercial finance, but I spent years as a commercial banker with both big banks (First Union/Wachovia) and 2 community banks.

If you’re someone who enjoys data, trends, and finding hidden patterns, then Detroit should absolutely be on your radar.

Will the bank allow me to refinance the property again to tap into equity after the repairs and new appraisal?

Or can you still run everything through your personal return (just want to make sure that I can deduct things such as HOA fees which I can do if it is a rental).2) If I do decide to run everything thru my personal tax return (save on LLC fees), should I at the least set up a separate bank account to track costs separately?

The client gets to receive the home as a performing asset with built-in property management in place so the entire process can be smooth and enjoyable.

Non-QM I can do things like bank statement, self-employed, ITIN, Jumbo, blah blah blah.