We’ve secured pre-approval from Chase for a $200k conventional loan at 8% interest with a $40k down payment for our first rental property.

However, if have several rentals and need to deposit checks, or use a debit card to pay utilities and other bills, etc. conventional business bank account would be the best choice. 

That has been on my mind lately.If it is related to note investing, my question is, people complain about lack of inventory, but when inventory comes out, we rarely see people bidding on assets - so are people actually investing?

Our current mortgage is a 30 year conventional locked in at 2.75% and the monthly payment is roughly $2000 ($1000/person).

Due to the closing deadline/home condition, I am looking to use a private lender for the purchase instead of conventional from the start.

My journey has been anything but conventional, and I’ve built a career that merges my entrepreneurial spirit with a strong work ethic. 

Plan to eventually cash out refinance with conventional loan in 12 months, but looking to get out of my hard money situation to save on holding costs.

Happy to help you set a plan, but everyone else is right that $600k is out of your budget currently.Whatever you end up doing, I would recommend looking into conventional financing though.

I would prefer not to open a conventional bank account if I can keep things simple.

@Edward BarrettIf you sell multiple anything in a given year, cars, properties, boats etc the IRS views that as 'dealing' inventory.