This is why you have the annual reporting requirement when you have 1031'd out of state.  

Because interest rates are high right now it probably doesn’t make sense to pull extra cash just to stick it in a bank account.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Add some escalator, such as 3%, for example, to account for potentially higher costs after closing.  

Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

Good product, but the enterprise account was way too expensive, so I switched to Profit Drive from the REI Blackbook guys.

Bank accounts, stocks, all assets. 

@Rick ImI have an expense account called "Failed Real Estate Escrow Expenses " (in QuickBooks) for my flipping business and bookkeeping clients.

I've talked to a few tax accountants and attorneys about it and some are open-minded, while others are convinced that they are a complete sham (though they actually know very little about them).I'm curious if anyone on here has actually seriously considered using one or actually used one? 

My guess is that it won’t actually take you a lot more time, just the extra fees, but those should be accounted for in your profit calculations