if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

If I were you I would house hack in RI, specifically in Providence in as good an area as you can afford. 

There's a very specific ways to calculate FHA income, and it will be highly dependent on how the deal and your ownership is structured.

If you don't like your current PMC, analyze specifically WHY and then go interview others and find out how they will address your current issues.

First start with a scope of work outlining in specific detail everything from work hours, who provides dumpsters and what is getting done room by room.

Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!

HELOCs are specifically helpful in this case so long as you are consistent with paying it back in a timely manner for the next transaction.

@Jennifer StammbergerWhat type of businesses do you want to cold call, and what is your angle specifically?

Assumptions: specifically allowed in city ordinances, mobile home manufacturing in the area, or that someone heavily marketed that area as a retirement location in the past. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?