Yes, having a bank account and credit card per property works great for bookkeeping as long as the accounts are used they way they are supposed to be used (no commingling). 

The mom and pop landlord that I rented from (by my calculation and internet research) owned about 50 doors and had for a long time.

Plus you can buy 5 properties using that same type of leverage; much better for building your long term wealth!

Hello everyone, As the title says, we are 3 weeks away from closing and we are in a big dilemma.

Hi BP Community,  I have a short-term rental (previously Airbnb) that I turned into a long-term furnished rental because the neighbors house was damaged by a storm.

Tampa is not only a great STR market, but is also leading the way in Floridas real estate market with development, job growth, and net migration, which are all important fundamentals to long term growth.

Or do it based on Lowest rates first or long term renters first.This could be a great deal, but analyze your market. 

Does it have to be a specific reason to allow them to break the agreed rental contract or it only applies to long term lease? 

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

If, however, that means you own more real estate in locations that you like, you get the magic of leverage + appreciation that results in a better long term return.