I'm not an attorney or expert in AP specifically, but do have a working knowledge of it for Civil engineering/survey work and have had two projects where this came up and I was able to 'ride along' and see how it unfolded.First, if you 'know' the property has been taken by AP then there's nothing for you to do with the tax assessor etc.

You can set up virtual or sub-accounts.

His payment jumped up to an amount he couldn’t afford, so he stopped paying.

They had a device they hooked up and could listen to the sound waves. 

That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible. 

But I am a big believer in the majority simply loves were they were raised no matter where it is..

There thinking some clean-up-fairy comes swooping in with a broom, washes the ashes away and then Bob The Builder n all his friends comes hot on the hells, Bing-Bang-Boom all is rebuilt and were singing kumbayas by Christmas.......Reality is it took about 10 years to rebuild post katrina. 

Who did you end up using?

My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

Again, ive done some research and only look at the areas that are most desirable to renters, which typically lines up well with the areas most desired by buyers.