You shouldn't put it all in your account day one.

If you're open to it, would love to connect for accountability, to share resources, etc. 

If you want to shield yourselves as the owners of the properties, then I guess it's possible, but not sure why you want that extra accounting headache.  

I have set up a LLC for a PM company, opened up the accounts.

My question to everyone is how do I open a business checking account without my partner being involved?

My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. 

However, beyond that if they are honest in assessing themselves, they might choose to hire or partner with people who can fill the other roles needed such as a realtor, accountant, lawyer, etc.

(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.    

Check with Account Closed about all this, but also an attorney!

Why was previous owners not held accountable,  and now we are stuck with all this to do?