Essentailly, any where from 1-50 units.That is good to know about RentRedi!

If you don't know where they bank send several to local banks in the area and maybe one will land.

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.

Ultimately I don't think there is a way...most small rentals operate in a manner where they pass through to your personal return.

@AJ Wong my prior STR experience was with a home that rented well, but was getting to the point where major upgrades/renovations were going to be needed in the near future to keep it in the “mid luxury” market.

Reaching out directly to local hospitals in Wichita could be a good idea as well to get a sense of how many traveling nurses they typically have and where they find housing. 

If you were to rent it out long term, that's where you cross the line. 

@Navid Sadighi if you sold your dad's business - where did that cash go?

Where? 

Or I would have to find an investor where that 782k can get enough of a return from the cashflow say 10% to be worth it.