Hi Danielle, As a property manager, if you were my client, I would recommend that you incorporate a monthly flat rate utility fee into that tenants lease.

Anyone have any experience with placing a flat billboard on the side of a building in Philadelphia? 

Fredericksburg is pretty far out, and Richmond is a different metro area altogether thats over 2 hours away.

I am working with a RE-focused CPA this year who charges a flat fee of $2,500 and is very responsive so far.

I get the desire to own outside of Chicago proper, but instead of going to another state altogether, why not invest in one of the burbs?

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

An example of that is tenant must pay for additional electric over flat fee / flat limit since now there is 2 occupants in the home instead of originally one.

Many appraisal in several locations have been coming in low, which can either kill the deal altogether or make the borrower come in with more funds to close.

My buddy's 3-flat just sold for $100K more than what he paid for it a year earlier.

For cost efficiency, consider using a flat-fee attorney.