•Set up your EIN and operating agreement.2.Set Up Your Business Bank Accounts:•Open 3–5 business bank accounts to give your money purpose:•Income Account: For revenue and deposits.

Studies show good staging does have an impact on your sale.

I have never approved a tenant without meeting them, if everything looks good on paper, income, accounts, backgrounds.

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.

I have a call out to my accountant as well. :)

Any other expenses are using up funds that would otherwise be sitting in your checking account to make a mortgage payment with.

@Dallas Smith, With some good running of the numbers by your accountant this can work. 

First - I think your accountant should be providing you recommendations for cost segregation companies.It it most likely, if he/she works with real estate investors, that he/she would have a couple to recommend.Second - There are two types of cost segregation studies.Type 1 - Conducted by an engineering firm where an engineer will inspect the property.

@Sean O'Keefe I believe the study this refers to actually costs around $500, plus a few dollars to your accountant if you want him/her to walk you thru it.

The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.