We have our own personal home, but are interested in the idea of having some rental properties to generate additional income and build wealth. 

The common area language should dictate that personal items are not stored in common areas, it may also address maintenance of those areas, but you will need to amend it to address outdoor furniture and grills. 

Have you seen the completed home in person? 

It's much if you can see the property in person. 

My main concern, being my first rent increase, is the attitude/personality needed for such a task.

Our focus is partnering with investors, and that's what we're personally doing in Waco. 

Currently, I am using my personal checking account to collect rentals.

There may be a paywall here, if so, contact me and I will send you a PDF copy of the article.https://www.wsj.com/personal-finance/real-estate-landlord-in...

I don’t like large banks because they are less personal and personnel changes.

They fail to account for their personal time.