It's tempting to use a hard money lender and knock out a huge sweeping reno right up front, cash-out refinance, then pay back the lender.

Had an oil tank sweep performed to make sure that there are no other abandoned oil tanks (there aren't), and are currently awaiting results from the soil sample test. 

@Rich Thomas, a new bank account isn't a requirement since you can separate expenses/revenue and tax reporting for disregarded entities is all going to sweep up to your 1040 schedule E.  

@Kyler Cook we also sweep the floor and carpet after they make a mess with food, am I missing something!

They also need to clean the grounds and sweep for nails with a magnetic roller.Have you considered a metal roof?

So Orange county is going to try to do some sweeping rent controls.

So are you talking about using the HELOC as a "sweep account."

Just a broad sweeping discussion post.Thanks everyone in advance!

The best way for a small number of properties is 3 accounts.  1) an escrow account for holding security deposits. 2) a deposit account  (savings or checking) where the tenants place there monthly rent. 3) an operating account where the money from account 2 is moved (sweep or manually moved) to pay the bills for the properties.

One of my college roommates was an architecture major and I got to overhear dormitory conversations about the failures of sweeping up slum dwellers into high-rise apartment buildings.