Real estate is a dynamic field, and adaptability can lead to discovering unexpected gems.Finally, enjoy the process.

Make sure you have a process in place for responding to comms efficiently and resolving issues among members and issues with the house as quickly as possible.It's worth the income and the feel-good feels knowing you're helping out your community. 

We're in the process of selling a condo that my husband inherited in Hungary.

They do go through a process of prequalifying you in a way but it is more property based to get it started.  

Most of what they recommend only makes sense from an operational standpoint if you are a larger investor and have a team to help you manage everything.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.Answering your question, you'll want a checking account (minimum) per subsidiary entity and for your parent entity.

I am familiar with the rehab process, contractors, tenants, etc...

I haven't heard of any landlords making a claim, so have no idea on how easy the process is.   

Recognizing the potential in properties with minimal improvement needs allowed us to streamline this process.

I recently considered switching to KeyCheck but decided to stick with RR for two important reasons: 1) RR allows for weekly rent collection, which is recommended by my real estate attorney, and 2) RR has lower credit card processing fees for tenants.

In process of doing a cash out refi on it now, 1 year later, and it appraised for $400k so I'm recouping my cash now and will build on the lot next door starting next year.