We want to be able to send them their distributions electronically each month.

Now, what this has to do with sending rent via electronic payment, I have no idea.

Although more assets mean more maintenance.Smart Home:  Electronics get expense. 

I don't think its wrong either to charge a processing fee for an electronic payment, but shouldn't be any more than a $1-$2 per transaction or 3-4% for using a credit card per transaction.

I am going to collect the rent electronically, but I am wondering whether I need to open a separate bank accounf to collect or can I collect in my personal account?

Everything is done electronically and is very smooth.

. $15,000 is used for the down payment with the remaining $5,000 retained for any unforeseeable expenses, electronic rent payment system setup and inventory.

People replace the outlets without actually updating the wiring, so you could really screw up electronics if you think you’ve got a grounded receptacle but really it’s just had a facelift for convenience.

Ensure you have some form of electronic rent payment that can be subdivided between tenants, because no one under the age of 25 knows what a check is or wants to be the collector of funds each month. 

Anything electronic, then no as they will have the transaction recorded already.