It’s giving the advice of setting up multiple accounts for different purposes, and my question is, what banks do you currently bank with that allows you to open up multiple checking/savings account for one entity?

Question -- Even if the loans are still in the seller's name and I'm just writing checks to the bank each month that would still be be liable for UDFI tax?  

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

Make sure to follow their inspection list, the inspector checked everything on that list, testing every single plug in my property, turn on every appliance, hot water.. very thorough. 

I spend 2-300k a year at HD and get 2 checks of 2 and $3000 as a rebate.

Also - we just made a new guide to help people how to use BP for their business, called "Using BiggerPockets to Grow Your Business" - definitely check it out, I think you'll find a lot of value in it.

The referee and I signed the paperwork, I gave the auctioneer my bank check at the conclusion of the auction on a Friday around 11:30 am.

We visited place, checked out a few properties, came back, made an offer, negotiated and finally property is under contract! 

Many sellers are tired of being landlords but wouldn't mind collecting a check every month still. 

Check out Shelby and Gastonia which are nearby.