@Izraul Hidashi I’m not claiming to know how the entire banking system works but I feel that I have a pretty good idea.

Tax structuring and LLC advice you can get for a paid fee too.

Not to mention the tax benefits it allows. 

As far as SingleKey actually paying out on claims for tenant non-payment up to 12 months, property damages up to $10k reimbursed, covering 30 days of vacant property losses and helping out with tenant evictions up to $2k (as advertised), curious if anyone on here can attest to SingleKey actually paying out on these claims successfully.

A common mistake in my area is to ignore Hotel Occupancy Tax.

RentRedi claims to be a system built by landlords for landlords and I have to disagree.

Based on your experience, would you agree with that claim?

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns.