Use a regular checking account to deposit rents and to pay any expenses associated with the property.

From what I can tell here are the pros and cons: Pros:* less taxes to pay on the multi-family vs. two condos* no need do the additional taxes associated with an HOA* Since I own both condos in a 2 unit HOA.

But the word 'HELOC' is traditionally associated with 2nd mortgages on primary residence, so I think, in addition to making some relationships with smaller banks in your community, ask them if they grant homeowners secure lines of credit with the homes as collateral in first position.Remember, there is a thing called a CD Line of Credit - for example, you put 40k in a CD(this is a terrible investment, by the way, but I am doing this for illustration) and then you tell the banker you want a line of credit secured by the CD. 

@Jeffrey Grieshop You are missing costs associated with rentals.

Are folks using a good ol' spreadsheet to track the numbers associated with the rentals?

I'm a new member to BP and just recently moved to Denver, CO and renting to survey different areas before potentially buying a primary residence and househacking it to offset mortgage costs.

Looking to chat with any current or former inside sales associates who worked in a brokerage.

Much like college, I suggest young investors to survey as many different investment disciplines as they can, then start to figure out what you want to 'major' in. 

Paying for licensing courses, state tests, MLS dues, and a variety of other fees can add up, especially the yearly or bi-yearly renewal fees for licenses, Realtor associations, MLS fees, and various admin fees .

If the unit still checks out then, research a bit more to see just how much the condo will cost to rent out including repairs, ongoing maintenance costs, association fees and assessments, and management.