The sponsor received: - An Acquisition fee (1% of purchase price)- An asset management fee (2% of gross collected rents),  - Cash flow and gain on sale was split 80/20, respectively between investors and sponsors. 

Be respectful and friendly.

I'm going to respectfully disagree with Nathan, I think you can get enough of a premium in rents with the pool to justify keeping it. 

Earn respect and trust through action.

I respect all of you highly and all of you're opinions are greatly appreciated.

Respectfully, Carlos Sanchez

I respect my lease and expect every tenant to do the same otherwise I would not bother wasting my time having a lease.

The best approach to do it correctly is to systematize everything.And in that respect, it makes sense to use the same template.You can adjust that template as you go along.There is no point reinventing the wheel.Which is what effective flippers do. 

(I plan to keep all deposits, and operating funds separate from my personal accounts and in their own respective accounts.)When setting up new bank accounts, is there a benefit to using a bank local to the market you're investing in? 

I keep all my SFR under one LLC, therefore keep one checking account for that respective LLC's.