In Philly they call it the "Public Lighting" account.

Does anyone know of a bank that is friendly to owners that want to keep their anonymity from the public?

You should never advertise on a public forum how much cash you have.

You should have a separate operations entity - that will do all the public interfacing, property management, hiring of contractors, leasing, etc.

The concept sounds great but it's hard to find a lot of information in the public realm outside what their site provides.

I attended their last public meeting, and it doesn't look like they will be banning it altogether as many cities have done.

And at that size you might also be able to find some info from public companies that own or manage similar properties.Where did you get the 7% for property management?

RCW 9A.52.090    (Revised Code of Washington)Criminal trespass—Defenses.In any prosecution under RCW 9A.52.070 and 9A.52.080, it is a defense that:(1) A building involved in an offense under RCW 9A.52.070 was abandoned; or(2) The premises were at the time open to members of the public An owner may, through words or actions, express or imply that he/she no longer has interest in the property. 

I use StarPoint Screening for a background check and public court records and ClearNow for rent collection. 

Never post on a public forum how much cash you have sitting around.Be prepared for lots of random colleague requests and messages now.The answer to your question totally depends on your goals and risk tolerance.Do you want to buy SFH's or MFR's?