Did you complete a final accounting after the tenant vacated? 

Also, If I am house hacking do I still need to have a separate bank account?

I also am studying an accountant program, and I also want to change jobs into that field as it will double my personal income, and thus increase our capital and reserves, and also benefit our real estate journey through the knowledge I will gain.

Like anything else, just account for the costs in the renovations.

Some banks require seeing the deposits going into your account, others just require seeing an agreement. 

Originally posted by Account Closed:For those of you who have turnkey real estate in other states, how often do you check in with the property management company?  

Even if you take the capital gains you would pay on the 210K into account, at first it seems the deal is one that I personally would not be comfortable with.

Account Closed Sorry about the confusion.

Using it as a DP on a income propery you can deposit your rent checks directly into your HELOC account and withdraw your expenses from the same.  

If you're in a state like Massachusetts even if you're in the wrong and they DIDN"T put the money in a separate interest bearing account they're liable for triple damages.