We had an accounting system once that necessitated doing this - not ideal, but it keeps the assets and liabilities straight and AP is just an accrual until you pay the bill.

I have been with AHP servicing couple years and do monthly deposit to them as my system "pay myself first".

Also make sure you are comfortable with some holding costs if the units don't get rented right away (if vacant).Also look into if there is rent control in the area that the property is located.

However, its downfall (and really what makes it so easy) is that it is a single-entry system. 

Then you can pretty easily calculate what the holding costs of that home will be and when you'll have to replace those systems.

Assumed nothing could possibly go wrong in the next 5 years what you want when you look at an investment property is to know the current rental amounts, specific expense items, and conditions of the building, grounds, and mechanical systems.  

If you start a JV in name but do not give your partners proper control and decision-making rights and the deal goes bad you open yourself up to serious consequences which can lead to SEC violations with extremely high fines.Lastly, you can offer the project up to investors who have no voting or control.  

@Tammy Elias tenants are always looking to scam the system:(You'll need to start the eviction process and let the judge tell her she's wrong.

Quote from @Henry Clark: @Michael PlaksIf they want to stop money laundering and funding terrorism they can control the border.  

I control all the money and pay all the subs directly.. that's how we got in trouble the first time GC not paying subs..