They keep their real estate in a separate LLC. 

James,The benefit is keeping it off of your personal DTI, funneling into an entity, and simplifying the process as a whole. 

Keep it in my name and divide the electrical cost by three each month and have them pay me? 

For the last few years I kept thinking the market was going to get saturated with rentals and drive monthly rents down, but they keep building, and people keep moving in. 

I hope the link worked and keep em comin!

I keep dismantled old house materials for almost 20 years in the trailers.

Hi as Steve and Jason pointed out it is very important to keep funds seperate.You will need an escrow account, if it's required by law, your account will need to be titled XYZ ESCROW ACCOUNT, if not so required, it can be any account but ONLY deposits and funds held in trust should ever be depoisited to this account and any withdrawl should be well noted on the check and on your books.If you comingle you accounts and you need paper towels to clean units, the IRS can simply disallow your deduction saying it was used at home since it was paid from a personal account or one of comingled funds.I too would suggest you formalize a business entity, an LLC probably.

The eastern panhandle is a great place to invest. keep working on Bigger Pockets.   

The FDIC has a search for true "community" banks: https://www.fdic.gov/resources/community-banking/search/cbi-...Keep in mind there are rules these banks must follow in order to qualify as a true "community" bank.

@Jake AndronicoI have been keeping an eye on the NV market.