If the purpose for the entity is liability protection, you should be having a conversation with an attorney.If the purpose for the entity the accountant should be able to provide any feedback if there is any tax saving opportuities with the LLC formation.Best of luck to you

Use an operating account for income and expenses, a reserve account for maintenance and taxes, and a high-yield savings account (HYSA) like Capital One's 4% APY for idle funds awaiting reinvestment.

Luckily we are very close so we are very open to creatives approaches to maximizing this.

Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.

This venture was originally expected to have a 10 year horizon, with the goal to maximize IRR in that period. 

Tenant moved to a smaller space down the road to save money. 

Start SavingOnce you land a job, build up your savings for your first deal.

My wife and I both have decent paying jobs, but after paying rent, vehicles, student loans, etc, there’s not much left over for saving, let alone 20% down.

Graduating college, not wanting to pay rent, saving a pile of cash, thinking about hacking.   

Black Friday is coming up and you can probably save more.