Zoned SFH and very common setup I am seeing these days.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

In addition, the company that they recommend we work with, Prime, helped me set up my companies and though I repeatedly asked them if there were any differences in how it was set up because I was a Canadian, I was told that the way they suggested I do it was the right way.

If you would like to connect, please check out my profile for contact info, and let's setup a time to have a cup of coffee, either in person or virtually!

I am doing the same right now, have 5 consultation appointments set up as of now. 

I have people ready to give the funds, I just don’t know what’s the best set up that makes it fair and attractive for both parties.

Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.

Feel free to send me message and we can setup a time to connect! 

I spoke with the title company who is still helping us wrap up the set-up of a servicing company, and she confirmed that they would be responsible for the principal / interest for Nov and Dec, while we are responsible for the escrow shortage balance (as agreed upon).Not sure how it was missed - not my favorite title company to work with.