Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.

@Ori Skloot  If you are paying your employees $ 27 an hour , with withholdings , workmans comp , and the other related costs , they are costing you around  $ 38.00 to $ 42.00 an hour The true cost of your labor was closer to the $ 9000 mark . 

I use: Coaches Companies that hire seasonal workers College Housing website Official Parent Group for Colorado Mesa University Craiglist Zillow Avail - posts to 30 sites for free Apartments Roomies Market place Reddit Tenants incentive "Room for rent" Signs - google Voice to hide my actually phone number Your cities Department of Human Services College bill boards rip off advertising

My parents weren't going to a mortgage broker, they went down to the local bank.

I guess losing my parents all before 30 has just been a hard obstacle but this too shall pass.

I don't want you, my parents, and DEFINITELY not the government telling me what I can and cannot do.If I don't understand the contract, that's on me. 

My parents have a neighbor that he is planning to sell the property that he own free and clear.

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 grew up learning maintenance on properties my parents and grandparents had in Akron, then started buying my own after college.  35 years later, been full time for the last five years or so.  

Since living here I’ve put in a new HVAC in both units and kitchen into one unit, I’ve max out my credit card, and have had my parents help me.