I have enough cash in the bank to purchase a small  2bd, 1ba SFR (already cash flowing/w tenant) outright.

It is better to set it in the bank and do nothing than squander it away on toys, or let it get leeched away with daily living expenses.  

It sounds good in theory to split one into more, but you want to keep banking equity on this one as it requires nothing from you and pays you money which is the whole goal of real estate investing.

Trusts- Make your bank accounts TOD time of death.  

But now I'm getting check from the title company and have to put that in the bank. 

I am planning to include the estimated property value and the funds that will be transferred into the business bank accounts.

Since the property is free and clear, you might consider reaching out to local banks or credit unions, as they often have more flexibility for smaller loans.

. :)@Ronald Rohde  yes, I can get a 5.75 -6% with my local bank.

These may all have to be mapped and approved by the agency, authority, having jurisdiction.

I also have put a spread sheet together showing the totals for both owner financing and bank loan.