Keep receipts for all your expenses for federal taxes, keep the deposits in a seperate bank account. 

Yes, a HELOC or bank a line of credit is different than a lump-sum amortizing mortgage (DSCR or otherwise).

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

You will also need a US bank account.

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

If you already have existing property and transfer property to an LLC, then it could trigger the due on sale clause the bank.

One of the above houses was a foreclosure, now bank owned and on the MLS. 

@Paige Corsello...You could call your bank contacts and find out if they are broker friendly.

In addition, you want a separate bank account for the rental property to separate it from your personal accounts.

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account.