I usually suggest new property owners setup a business before they even close on a property and then use a business credit card for all expenses moving forward and also for them to link it to Quickbooks so everything is automatically tracked for them.There are a lot of nuances and strategies but this is a 30,000 foot view of why you should opt for business>personal

Having money and no physical health is like having a Lambo as your car and Scarlett Johnansson as your girl, but you are 100% blind.

Plus, they don't offer an automatic split for mortgage payments based on an amortization schedule.

I want something that’ll automatically lock as the door closes

If you have ample street parking and aren't in an area where the cars will get destroyed by hail, etc. than it is less of an issue.

Last year, however, life threw me a curveball in the form of a serious car accident that left me with multiple fractures and depleted my savings and credit cards.

I'd take another 200K and just dedicate to my own fix and flips here in Indy.I'm a car guy and I'd take 100K and dedicate it to flipping old muscle cars which I have a history of.I'd take another 100K and put it some deals as a LP.Then us the reserves as needed

This includes transportation costs such as gas, airfare, rental car fees, and lodging expenses while away from home.

Doing anything other than that would be like a Used Car-Salesman trying to network with 5th graders, because EVENTUALLY they will turn 16 and need to buy a car lol.

You'll see more rentals than homeowners, cars parked in the yard, and less amenities.