Should I get a separate bank account, is there an application, pick the money up or have them deposit it to an account??

1st- Start a partnership and get an EIN number2nd- open up a bank account in your funds name3rd- take capital gains and invest into a buy and hold in the QOZ4th- Collect rent, let the tenants pay down the mortgage and then sell after year 10 for the biggest tax advantageI flip about 6 houses a year- 2 of the 6 flips I will take the profit and put into the Fund bank account then execute one of my option contract that I have for houses that I know that would qualify for QOZ.I plan on buying 4 a year using this strategy but I will also wholesale any properties or opportunities I come across in my QOZ!

I will talk with him about doing this with our accounts as well.

I assume I'll need bank accounts for the operating and escrow accounts. 

I wanted the ability to quickly change variables and to see worst case scenario #s, as well as to account for all expenses involved in a remodel (by line item). 

To perform a 1031 exchange would cost your 700 - 1000,  For your accountant to fill out the form 8824 reporting the 1031 would be another $125 - $500. 

Another option is to turn their account over to collections, which does not require going to court first.

Most of them seem to want to use a debit card rather than their routing and account number for automatic withdrawal. 

Assuming you get a P&L share it with your accountant.

A 1031 is very easy to understand and most can be found online for free or through a phone call to your accountant or a friend who's an accountant.