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

they usually say stick it in the bank.. so you can offer them a nice return above bank CDs and on an asset they already know and like etc..

It would benefit a lot if you are able to obtain US credit, US LLC and US Bank Account.

Just about any bank can open a joint account. 

As a Mexican realtor, I’ve worked with clients alongside an accountant to simplify the process, including setting up the necessary bank account for rental income.Let me know if you'd like more guidance! 

It would be far simpler to put the $500,000 in a bank account owned by the LLC and you immediately own a fixed percent.

Fortunately, I just call the bank and tell the address of the property I am under contract on, and when I want to close. 

The bank and mortgage company we are using is giving us a hard time about us co-signing due to my separation and new job due to only having been separated a couple weeks now.

The way I countered this (still not as good as buying a note with idle cash but I have checkbook control) is the money paid out from a note fund I invested in is at Axos bank.

So you can bank the difference.