You need to operate it as a separate entity to maintain your corporate veil. 

I don't do high cost loans, but I wouldn't be surprised if there were NOT any special requirements to have/maintain an escrow account. 

I wrote an article about this a while back you might find helpful: https://www.biggerpockets.com/...It references an old study from the 90s, but I think it's still more or less true and a good starting point for this discussion: In 2003, the National Association of Realtors came out with a study on the characteristics that increase and decrease the price of new housing (assuming all other characteristics, i.e. square footage, remain the same).

I’ve been “studying” real estate investing for a few years now.I’m close to making a purchase - as soon as I find a deal that financially “makes sense”, I want to “pull the trigger”.

It works out because we have been studying since October 2021 yet there is still so much to learn and that can be done during this period. 

How are they maintaining their respective units?

I have been looking for the past 4 months and studying lot of materials/podcast and I might be one of those who have paralysis with over analysis.

If you're thining Memphis, get to know the city well by online research, then go there and study it in person. 

I haven't invested myself yet, but I have been studying the market for Multi-Family/Income generating properties (Duplexes/Triplexes/Quadplexes). 

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.