Rafael   Welcome, IMHO one of the most important aspects to residential remodeling and construction is to be onsite all the time, especially when new.

How would I set up business bank accounts?

Especially A lender as they are notorious in this business for being full of crap. 

Quote from @Steven Gesis:   Brian, I read an article in Bloomberg the whole premise of the business plan for a particular operator was a "double pop" and a short-term fix and flip strategy all focused on high velocity  multiple refinance events, floating adjsutable rate and the hope and faith of continued rent growth coupled with low interest rates in multifamily -   I wonder how this is working out for them now.

. $2,000 is just a random number, the exact number depends on your overall tax situation.Building an ADU if you plan to rent it is business interest, not personal interest.

My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.

I am a licensed local property manager in the greater Asheville NC area and looking to  locate PM's in the area who may be looking to retire from the business and sell their book of business. 

I have not found one opportunity yet that gives me an ARV of 75%.Any professional investor will tell you that if you go over that the amount of work that you have to put doesn't worth the return.My latest was found in the MLS where we got a better deal than what I was getting from wholesalers.Let me clarify that the wholesaler business is needed, but it seems at the lack of deals they are putting the pressure to then investors. 

It has all the tools necessary to get into the syndication business.

Our current property manager is not cutting the mustard (not enforcing late fees, slow to fill vacancies, etc.) and I would very much like to replace her with someone who will approach our investments with a more business minded attitude.