***DISCLAIMER*** I Own & operate a cleaning business.

Hello BP - I am planning to open an Operating, a Security Deposit and a Cap Ex/Reserve business bank accounts to manage my first multifamily rental.

.- Make sure you get all LLC documents (Articles of Org and Operating Agmt), and that the signatory on all loan docs (Note, DOT, Disclosures) matches the authorized signatory of the LLC perfectly.Good luck!

It is also operated under a single EIN, so there are some benefits through streamlining operations.With that being said, I would also have recommendations on separating your assets from your operations, but then I would veer quite far from your original question.

Profits from flipping at the volume you appear to be operating at would more likely be considered self-employment income subject to regular taxation plus self-employment taxes.In that case, being able to shelter some of that income from taxation by contributing to a Solo 401(k) could be advantageous.  

It's very nice and relatively easy to operate.

There are things that are more likely to survive and operate through a recession, but there are no guarantees.

VRs are exempt by renting 30+ days at a time, but I would encourage you to look outside of SLT proper if daily vacation rentals are going to be a core investment criteria.

I am putting this out there to see if anyone is willing to share their experiences in buying or operating mobile home parks in exchange for a free cup of coffee.   

There are plenty of good companies out there, but few if any compete with Memphis Invest in these few very important areas.Leaders lead by example and are not afraid to shareI know this because we open our doors to other turnkey operators and entrepreneurs, even simple property management companies all the time.