This is required for most landlords in the city, as part of the rental property registration program.

Also ask, when you submit the plans does the city give a hard time on all the stuff or just a couple things. 

Hi I am from Toronto, Canada and planning to buy investment property in the USA.

You’re definitely on the right track by planning to open separate bank accounts for each property and the holding company.

Yet another reason, (albeit not in the top three) why all rental property should be in an LLC with a wife or child as a partner (even .1%) so as to file the Form 1065.Number 1 is liability protection, Number 2 is privacy, Number 3 is ease of transfer for estate planning, Number 4 is possible sale of the LLC to conceal sales price (also called drop and swap), Number 5 is having a single entity for financial reporting, Number 6 is brand identity.

Quote from @Colton Bridges: I recently bought a duplex that I plan to convert to a fourplex.

I would be thinking about future loans as I plan to do purchase another property soon after.

We plan to use Airbnb for these listings and are wondering if anyone has any advice for starting up.

They have the time frame and payment dates set but I’ll be sure to make sure things are going as planned.

Either can work, or either can be a huge pain, but that's the reality of common area ownerships.I've worked on some small 2-3 unit condos like this doing the condo plans and the CC&Rs have always included provisions for financials, budget etc. as well as dispute resolution.