You should have a main account for each property and then most local banks will allow you to create sub-accounts where can store funds or separate them into those buckets as the rent comes in.

That is indeed double taxation.If you owned a shoe store, for example, you would buy shoes wholesale, sell them retail, and pay taxes on your net income.

I am trying  to purchase a multifamily house , outside of the city where i live it wis about 150  miles from my location ,  how do i figure out the demographics of the area and also the medium income around the area where i am planning to purchase . do i need to look for any big stores/shopping malls or any govt offices around the area to see if the place would be ideal for purchasing the property for renting it .

I also like being able to store documents with them, that's very useful. 

In the shadow of a global economy facing its third consecutive year of deceleration, investors around the world are seeking strategies to steer through these challenging times. Sanjeev Advani, a distinguished real est...

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

If you're furnishing in Austin let me know, I have a spreadsheet of what I'd buy from the local furniture stores.

The same thing generally holds true for journals, blogs, podcasts, amazon FBA, Shopify stores, etc.In real estate, a rental property with a property manager is pretty passive.

Rent one side of the home by the room, STR, MTR, build an additional room to increase rent, store an RV in the backyard, etc.

I Been in California City since 2009 and a quite few things has changed they now have a quit a few stores that they didn't have  my mother and sister are still located out there.