Hi @Perry Livingston, i haven't. i don't have an LLC (yet) but i do have a HELOC on my primary that allows me to draw pretty significant amount of funds so my point here wasn't to get line of credit. it's more of stashing points/cashback from the $s i spend. 

Failure to pay tenant expenses during the term of the lease is a lease violation and cause for termination.I have these jokers now who want to treat it like a debit card to pay late fees etc - by the time they move out there will be nothing left.Along these same lines, in my lease it is capitalized and bolded that the security deposit cannot be used for the last month's rent. 

Do I walk into some rando bank my CPA doesn't know about and open an account and stash it there? 

It sounds like you are a person that will work their first 2 years at school and continue to stash away some cash!

^Seriously, like 90% doomed.If I lived next to you, I'd be checking my prepper stash.  

All the money made on the rental would be stashed away.  

And why you are in you can stash most of your income in the TSP and a savings account and buy a rental when you have enough saved and find the next right property.  

I have a friend who keeps a small stash of washers and dryers to rent monthly if his tenants want them.

This likely will be cash flow break even when including 10% vacancy, 10% maintenance, 10% property management but I don't need anything above the mortgage as I have a great job that I enjoy so I will just stash everything and build up a nice reserve on top of what I already have. 

Thank you both for your input, I knew BP had a stash of documents somewhere.