I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.

I'm thinking of buying this as a rental, renting out the house and fencing the back part and renew a lease to rent it separately.

I agree that pricing a rental too high is a classic mistake than can make it sit, but don't you think encouraging landlords to rent quick will make them compromise on the vetting of the tenants?

As a Mexican realtor, I’ve worked with clients alongside an accountant to simplify the process, including setting up the necessary bank account for rental income.Let me know if you'd like more guidance! 

Do You Already Have Rentals?

I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.

Also, I would look at rental rates to property values to determine if any areas are around the 1% rule.

I am however looking to start a rental management company in my area.

I have a few rentals with section 8, and they are professionally managed.

Albany has a mix of appreciation and cash flow opportunities, steady rental market due to state /government jobs and colleges.I would love to help you out with your investing journey.