You need two accounts: checking and savings.

When using SB9 to split a single family zoned lot into two lots there is an occupancy requirement of 3 years from the time of the approval of the urban lot split.  

For all of my properties, when I acquire them, I open two bank accounts: One for the traditional rent/maintenance, capex, etc. and one for security deposits.

When they explained they only supply drywall, they provided me with two numbers to call.  

Quote from @Brandon Arnett:Interest savedIncrease in cash flowMy quarter has a heads side and a tails side, but that doesn't mean I have two quarters.

We own two of these properties, while the other two are leased and operated as Airbnbs.

There were two "living rooms" so I converted the smaller of the two into a 3rd bedroom with a 3/4 bathroom.

@Megha Malhotra I've heard good things about @Engelo Rumora  Hi Taz,Appreciate the mention 🙏You guys set the standard we do our best to follow 👍Hi Megha,Happy to assist if you are interested in the Ohio market.We aren't perfect but always do our best.We also only work with investors looking to purchase with cash so keep that in mind.Reasoning is two fold:1) I don't believe investors should build the foundation of their portfolio with leverage (Especially now in this high interest rate climate).

In the industry this is most commonly known as a "Fix and Flip" Loan.We are correspondents with dozens of lenders who offer this type of loan.Most commonly, the loan will cap out at 75% of the ARV (But Investors do need cash, this is not a 100% financed transaction)75% has to include the purchase price and the rahab amount requested.The terms can vary greatly.The two most important areas that will impact the terms the most is 1.

It is typically released about two weeks after the more well-known CPI report.