Section 8 is a worthwhile hassle in an area not in demand, Remington is thus the hassle is unnecessary.

You can do that in any of the major accounting software platforms.....Seems like a lot of unnecessary work to have a separate account for each property....... you are using the bank accounts like files sitting in a cabinet......I can see an account to keep security deposits separate....and maybe one for your cash reserves.....but one for each property seems dumb to me....it is 2018 now....... but whatever works for you......

Funny enough, what's also uncommon is getting sued in the first place, and the LLC being solid legal protectionSo you're adding an unnecessary risk and complexity to prevent against a highly unlikely risk.

The problem is people have 50K in their bank and they throw it at their business thinking that it will make it more successful when in fact it's unnecessary. $5K would be the absolute maximum to get a property set up if it were a luxury class and needed everything top to bottom. 

Hopefully will still get good leads from motivated sellers, but avoid getting people angry to the point of starting unnecessary conflict. 

Does the IRS have a set standard timetable, that I am unaware of, of how much time they think it takes to acquire a single rental property, thus making it unnecessary for me to recreate a time log? 

It is unreasonable and unnecessary.

one more unnecessary ThIng to fail and get calls on .

Just adds unnecessary complications with no real perks.2.

While it may sound unconventional, this approach has proven to be effective in helping us identify and filter out problematic individuals, and ultimately avoid unnecessary headaches.Even with thorough tenant screening procedures in place, there will always be outliers who can make our lives challenging by magnifying minor issues.