What I was hoping I could maybe do is have one of the LLC function as the "Operations" LLC and it would own the bank account and then all transactions could use the single bank account?

@Alli Issa  some property is just functionally and socially obsolete... it appears that area is that way.unless there is some massive effort by the city to pump money into the area to change those characteristics then in my mind its extremely risky . work on something else.. even for free those are not deals.

The properties will most likely need to be combined under 1 LLC if they are under 1 mortgage.  

Combining the BRRRR strategy with STR is an interesting concept and something I have explored.I think a big challenge is fining a lender who will refinance a STR.

Your business card should have the same function.

My father in law has always done things about 70 percent and the house is currently in that semi unfinished state (I spent 5k just to have it cleaned and functional before I moved in).

We need to come up with about $20k total for closing cost and down payment combined to get in these two cash flowing properties.

We need to come up with about $20k total for closing cost and down payment combined to get in these two cash flowing properties.

If I were to put up the entire $40k my ROI would be around 7%.In your market have you seen $200 cash flow combined with a ROI of at least 10%? 

Then combine that with all the factors of a good rental investment property???...