You’re definitely on the right track by planning to open separate bank accounts for each property and the holding company.

Appears the guests may have left the faucet "on" when the pipes were frozen and when no water came out, forgot to turn it "off".What may have caused the overflow of the sink is maybe the drain lines were also frozen?

@Christina Henderson welcome to the forums!

I supposed I'd just need to learn how to make the financing work and all.

Like accidentally leaving the car light on in the car and having your car battery dead in the morning.

A property is available off market that seems to be a great deal.

How do you find off market deals?

So the next ones will be out of state and should hopefully be as hands-off as the current one. 

The rules for evictions are the same in the city I rent in. 

@Raiyan KhanYou can search these forums for vendor recommendations but you can also join a real estate investment club in the area you want to invest and get the same info.