Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.

You also will still need to manage your property manager  - ie, stay on top of expenses, ensuring your property is being managed effectively etc. 

I did some research and saw reasonable prices on following neighborhoods, after I read what you wrote I understand that the good prices might have been on the less good side of the neighborhoods but not sure how to check.if you could let me know if it is better to stay away from some of them I would really appreciate It:Mount Washingtonverna- out side of Pittsburgh BrooklineLarimerLincoln PlaceCarnegieWilkinsburgHazelwoodSherade

As we have all seen, Californians are leaving in droves over the past couple of years, and fleeing to Florida, Texas and yep...Arizona.As long as we continue to stay under LAs housing market for affordability, we are going to continue to net those homeowners wanting an upgrade to a bigger house or lot. 

For me, it’s all about scaling, so multifamily properties are where my focus stays.

I am looking at a condo that is located across the street from a Sonesta Suites extended stay hotel.

STAY AWAY!

We'll lose money for 75-90 days but the new rent is market so some will stay and not forcing people that can't afford it to move in the middle of a very cold winter I think buys a tiny bit of good will and is the decent thing to do.

This could easily cost you $10’s of thousands if you plan to stay in the home 5+ years when you return. 

Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.