I have a bank account for my LLC that is broken down into a Operating Expenses account that all funds enter and bills are paid through the OPEX account but I also have Series 1, Series 2, Series 3, etc bank accounts for the LLC.

Do not mix your personal expenses with business on the same credit card, checking account...

-Laith  Hey Laith,If you can go conventional, that's the least expensive way to go. 

Truthfully, my sights are set more on eliminating my expenses and living more frugally in the next few years than they are set on becoming some sort of millionaire investor—but I think that if my first deals are successful, I can definitely see myself wanting to take on real estate as a serious career pursuit a little further down the road.

But once our expenses are covered, what is our emphasis.  

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

You estimated 5% ($100) each for maintenance and capital expenses which is good, BUT you entered $0 for vacancy and $0 for management.

In other words, it seems to me that the data in this study is skewed and incomplete.2) Okaloosa Island is a "tale of two cities": the south beach side of expensive condos and the up and coming north side, where only a small portion allows short term rentals.

Can we declare the rehab expenses as rental expenses before you have tenant?  

Since I bought this last property, it has been a headache, I have to go often to do repairs, the last repair was replacing a water heater of 75 gallons which cost almost $3k (too expensive).