For most investors, purchasing a room condo makes no sense due to all of the associated human element risks.

Have you had a chance to check out any local meetups or REIA (Real Estate Investors Association) events?

The National Association of Realtors.That said, I will not be signing an Exclusive Right to Represent as an established real estate investor, and I’m honestly a little annoyed to be asked.I also realize this may qualify for Reddit’s AITAH channel.

Longer Tenure in HomesData from the National Association of Realtors (NAR) shows people are staying in their homes for a decade (see graph below):This increased tenure means homeowners benefit even more from home values growing over time.

Look into meetups through BiggerPockets, local REIA (Real Estate Investors Association) groups, or even events in nearby Seattle.

That would result in both a transfer of cash and associated journal entries.If my LLC doesn't have a bank account and I've been tracking its assets in my accounting ledgers only, moving money for the sake of moving money would seem strange (and suspicious). 

Let’s look at the math.Pre-Covid, the National Apartment Association (NAA) released data showing that the average renewal costs between $5,000-$10,000 per unit.

Are you wanting to know how to access a SDIRA or are you asking what are the risks associated with using SDIRA money?

However, I was unsure whether I needed to open a new bank to manage the finances associated with the property.

In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.