This is how banks verify property owners maintain insurance.

Realistically, one checking account and an accounting system will meet all your needs and keep your business better organized than 7+ bank accounts.If you want to collect bank interest from excess cash, add a savings account.

While more development did happen over the last few years from development projects started in 2021 and 2022 when rates were lower and developers could outlast supply chain issues, the upcoming supply is expected to drop again, as we will discuss later on, with the relatively sharp rise in interest rates that has dried up investment capital due to the fear in the market, sellers opting to hold out on their land and or properties until cap rates and interest rates subside again as is expected in the coming years, as well as banks being cautious to lend on real estate due to this sharp rise putting many projects that were started in 2021 suffer greatly from a 7x increase in rates over the following 40 months that had adjustable rates or 5-year terms which is very common in larger multifamily investing.

I think things should make sense so if I couldn’t reasonably explain something I wouldn’t do it. 

If you are willing to live in urban areas you may want to talk to a local bank in your market and see if they have any incentives or grant loans for certain areas.  

So, I called the appraiser and explained that I would meet him on site to go over the paperwork.  

This way, when you meet with applicants, you can explain if they don't meet the minimum requirements, and if they do, you can then consider their application further.

I have two banks that have done so as well as a credit card, and know of a couple of organizations that have as well.

It actually went to auction initially on the 8th but no bidders except the starting bid which I believe was the bank.

The key is for you to separate the utility costs from the rent, then advertise your units with the rent rate only and explain the utilities later.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.