Having additional accounts is a pain and an expense when your books can reflect the use of funds. .You do need an operating account for each business entity.I generally use money market accounts.

2) Receive the electricity bill in your own name and create an invoice reflecting the price and metered usage?

This is a site derived/created figure and may or may not reflect the market.

That is, the market must support the numbers and the numbers must reflect the market.

You could alter your PP and work out some sort of arrangement with the HOA to see if they will reduce the fees and that will reflect in your PP, or you could leave it up to him. 

Keep in mind that published market data is almost always a quarter old, they will never reflect the current market.

That's not a reflect on anything negative about the area, just not my style/location at all, so can't really speak to schools, new growth, etc. 

Through heavy reflection, this really has been the catalyst to jump back into the practice of real estate with renewed determination - this practice truly is one of the few roads to wealth and financial freedom afforded to the average American. 

Their fees should reflect that.

Originally posted by @David Midgett:With $50k, you could come to Ocala and buy a portfolio of several nice, clean already rehabbed houses, using very conservative leverage, and generate a really nice passive income.David,This is an old post and likely your statement isn't reflective of today.