I agree with the notion that one needs to define his or her goal with regard to real estate and making a living of real estate alone would require lots of it, but cash flow for the long run is almost inevitable.

By "business account," I’m referring to setting up an LLC as well as a business bank account.My goal is to expand my real estate portfolio by acquiring approximately two properties per year.

The goal is to change careers to something that allows me to decide my hours (in the process of now), become a landlord, and finally spend more time with my kids and family. 

At the end of the day, if you have a tenant you want to keep, talk with the tenant and see if you can get on the same page with them to align your goals as an investor with their goals and budget for their housing. 

Nicholas depends on what your ultimate purpose and goals are.

(at least for the first few properties) I do not need cash flow in the short run but my ultimate goal would be to retire early from my investment properties.

Real estate is very similar to exercise you need dedication, repetition, and a solid diet (education).

As long as I can help others and do what I love and learn ad much as possible otw to my goals then I'll be happy even if I don't reach my goal.

If you value simplicity and consistent income over high appreciation potential, this might align well with your goals.

My goal is to 1031 the entire portfolio into a single large multi unit.