Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

Lots of cities have restrictions..Arlington limits to a fairly small area of town, Ft.

It provided loss of use coverage and high liability limits but at less than 50% the cost of the quote I got from Proper.

It’s great that you’re looking to connect with local investors—it’s always helpful to learn from others’ experiences as you get started.As someone new to investing, one thing to consider is not limiting yourself to your immediate area.

Auto limits of 250/500/250 and Homeowners liability of 500K should be the minimum you carry.

You have a limit if it is an ADU.

I think that 2% may limit you to the east side of Cleveland though there are unicorns out there depending on your buying capability.I would also take a look at the Akron market as well as there is plenty of opportunity and many of oos investors do not even know to look there.

it may be jurisdictional specific, but it would certainly limit the sources for providing credit reports.  

With the limited info, I would say #1 is your smartest option but there are a lot of variables missing.

What are the limitations and benefits?