Multiple sub contractors with multiple separate contracts are not allowed.Repairs/Improvements must be completed by licensed contractor(s) as required by local/state municipalitiesRepairs cannot be completed by a related or interested party (i.e. relative, real estate agent, seller, broker, etc.)Borrower selects contractorContingency ReservesMinimum 10% is required.

I like the liability protection that comes from separating out the businesses.

For every property you own you should be opening up separate checking and savings accounts for the ease of book keeping and accounting, correct?

The estate is currently being sold by 4 separate siblings and i think it is priced high if it is just the house, but not sure how to value or what to offer because of the lot rent income. 

Separate electric meters(if multi)6.

So, it's sort of two separate topics here: 1.

Lots about permitting, fire separation, inspections, managing subs, all of it down to the landscaping.  

Or, should I get a separate checking or savings account for each one?

They typically have their own yard with fencing separating the units and each unit has access independent from the other units.   

I’m a recently separated Marine Officer who is looking for a solid real estate attorney to work on setting up the business, wholesaling, and general RE investments in the area.