This is the first time that the partners (parents, my brother and myself) are going our separate ways with the profits of the sale.

I've been following BiggerPockets content for a while and am ready to bombard y'all with questions 😁Here's the first one:I've read that it's a good idea to purchase a rental property under an LLC to remain anonymous to disgruntled tenants, separate your business and personal assets, etc.

So I registered an LLC with the intentions of opening a business checking account and running all the finances for our rental property through that account.We are not closing with the LLC on title, but I want a bank account separate from our personal finances to document our income and expenses.Our realtor is working to get someone on a lease.

So, they won’t work with us.We’ve also learned that contractors usually fall into one of the following categories:Type 1 (High Quality, High Price)They can do new construction, additions, full remodeling, but maintenance work is too small for them.Typically pay for advertising, have sales staff, separate bid preparers, inhouse designers, full office support.Equates to a lot of overhead, leading to markups of 50%+.Bids: Usually have a dedicated salesman that does their bids, so able to supply quality bids.Comment: Usually have the highest prices & quality, and so these are the contractors you’d hire to work on your own home.

Separately, my wife and I both have w-2 jobs that combine to about $200k/year and we have no problem signing for mortgages with personal recourse.

Like an LLC or whole separate business? 

I then removed interior wall separating living room from kitchen and installed supporting beam.

@Justin GottusoThe unique tax thing about Ohio compared to other states in the county is the abundance of locality/municipality returns within Ohio.You may be required to file a separate locality return if you are doing business within that locality.I.E. if you have a rental in Cleveland and Cincinnati, you may be required to file a Federal Return, Ohio State Return and two separate locality returns.Below are some tips to find a Local CPA that specializes in real estate1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.

I would probably run a solar powered lamppost where the stump has been ground -adding visual separation between the drive and walkway. 

You reserve a portion of the rents into a separate fund so you don't have to come out of pocket.