Account Closed, oh, if you've got a few people in ATL then by all means I think that's a great place to start. 

Account Closed on what basis?

Should we go ahead and open up an account with said bank if we find one to have a relationship with them?

There are other things to be taken into account when determining an equitable split, including:Who found the deal?

As long as your payment history has no blemishes, your rate will move towards 800 as 1) the "age" of your credit accounts increase and 2) the inquires fall off. 

Account ClosedYou didn't say whether or not you have it listed with a Realtor or not. 

I started with Cozy and loved them- hated the delay.I now use Zelle and all my rents are in my account, on or before the 1st.I still use Cozy for a lot of other features- Listing, background, record...

I have complicated schedules, with accounts for RRSP contributions, stock cash trading accounts, a rental income property (including expenses for flights to buy said property, etc.)  

Unless your friend is an accountant, you should ignore his advice on taxes.While well-intentioned, he took something that possibly does help HIS business into yours - where it does NOT apply.

After taking into account property taxes, utilities, water, insurance, and a 10% repairs & capEx fund, I figure he's making ~$5,000/month.