I own a building with another LLC as Tenants in Common. My LLC owns 70% and the other owner’s LLC owns 30%  deeded as TIC. We have a loan of $1million and both LLCs named on the loan although it’s not specified 70/30 ...

I understand your situation.

I called them and they said they cannot open a bank account in such a way that the owner of one bank account is another LLC entity (holding/parent), it has to be a person owning the account.How do you open a bank account in this situation, which banks have you opened an account with the above setup?

At some point early on you will have to pull the trigger and have them do the work so they see that there is a symbiotic relationship.True that.That would be an ideal situation and want to do that.  

You can get a free account with TenantCloud or other management software, enter your property once, click a button, and it will be published out to multiple sites at once.Knowing the market requires regular research.

Sorry that may not really help out your situation, but just thoughts from another engineer. 

I think it would be really cool to own an AirBnB in multiple places that I would like to travel to.

Good Evening BP,Been a member for a few years and have "gotten started" multiple times but always get distracted by the allure and easier money of stocks and crypto.

Debt to income ratio is great because it determines what a healthy overall monthly payment should be.If you make $4,000 per month ($48,000 per year) and you are buying a 4-family with potential rents of $1,000 from each unit, you have $3,000 in income and you will be occupying one unit.You then multiple $3,000 * 75% = $2,250.Add $2,250 to your income of $4,000 = $6,250.Multiply $6,250 * .55 (max DTI for FHA) = $3,437.50That is your total debt payments you can have on a monthly basis.

I have a few questions and wondering how you are are handling these situations.  1.