As accountants we want to help people scale up via tax advisory so we can turn a small loyal client into a big loyal client.

This way you have the support and accountability from a partner without the legal implications.

Does it matter if I keep the rents in my personal accounts?

I am not an economist but I also know they "changed the rules" when calculating inflation and used to account for the borrowing rate in that calculation which they no longer use (which would have let us know inflation was around 15%+ recently at the peak and not 9%). 

Good news is rates are starting to trend down and property values are still growing.The cash out can serve two puposes it can help pay off some high interest credit cards and be used for a down payment. 

If I could chime in to help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

@Michael Plaks @Randy Rodenhouse Account Closed This is all really good info and exactly what I was looking for, thank you.

Banks are more than happy to set up new accounts and multiple accounts.

My credit is around 500 and I am behind on my house payment.

Whats up BP, I want to make an offer on a few REOs with my realtor but I don't have enough money in my bank account to cover the proof of funds.