Anthony, You didn't say if the property is under an llc, if so then @Simon W. is correct about the accounts. if the property is under your name and you are just forming the management llc, then you will need a checking account for that company an account for the security deposits. i recommend separate accounts from your personal account for the business, it helps for many reasons. that said, why do you want to start an llc for the management co ?

Hello @Eddy Simon that is always the tough question and really depends on your situation.

@Simon Lopez most policies can only go to $1M in Personal Injury, hence the need to buy an Umbrella policy.Check around for a lower cost Umbrella as there are options out there with premiums closer to $350-$400 for a handful of homes.

Simon- someone I know bought a couple of very small cottages and one of them had soft and uneven floors.

My name is Simon, and I'm new to BP.

Hey @Matt Simone !!

@Charles Simon McEntee- there is no 'best way' in practically every area of life.

@Alan Rohrer, @Kyle Lewis, @Simon W.I have already signed-up for a few Meetups in my area - thanks for the input!

@Wyatt Simon going to the REI's and meetups are a great way to connect.

@Colin Simon  I happen to live in a great cash flow market.