This would defeat the triple tax savings @Kaaren Hall described above.

Hi Michelle,Keeping tenants' security deposits in a separate savings account at an online bank is a common practice and is generally recommended.

Operationally, it's easier in multifamily and you'll have cost-saving opportunities as well when it comes to certain expenses.

@Nick ConnorsIt’s great that you’re using your savings to invest early, and Columbus could be a solid market given your familiarity.

Eliminate debt, establish a budget, and save.

Not sure how much money % I can save if I do it myself too? 

1 Checking and 1 savings account is all you need.

@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

It’s a cost, but it saves time and headaches.5.

I agree with most on here that the warranty process is less than ideal, however there are off chances that it saves you thousands.