I am renting the property as an Airbnb so I created an LLC and all the income is going to the LLC bank account currently. 

Pick a single business bank account and start running all your income through that account. c) >24 months, Fannie opens up (typically) once that 2nd year of tax returns is filed and processed by the IRS.If you do a or b with the plan to refinance once you hit c, make sure there is no early payoff penalty.

My wife and I currently have three Ally savings accounts:1).

This would make the tenants responsible for setting up an account with the local water company and billing would happen through them which is very hands off for the investor.

There's a really large lifetime limit, but each gift over the annual limit adds to the lifetime total.

I'm reviewing an OM for a 12-unit Class A property and the T-6 annualized expenses has the property insurance at $7,068 ($589/unit), but the Broker's Year 1 pro-forma has the property insurance at $3k ($250/unit).  

@Dennis Dahlberg Horrible advice, which his accountant can explain to him.

I distinctly remember one advertised 3-plex where they said the annual expenses were something like $1800.

Account Closed awesome, good for you!

People can blow through a 15k rehab budget pretty quickly without even accounting for structural issues or any big system replacements.