@Brady Hlad An new account for each property is overkill and an administrative nightmare.The easiest way is to simply put all your business income and pay business expenses out of one account.

There were certainly some growing pains along the way, but all in all it was a great learning experience and we plan on doubling down on rental properties.While I was aware of the PMI necessary on a low down payment loan, there were two major factors that I didn't find out about until we were in escrow. 

Also, fewer transactions since it'll take a while for owners to feel the pain enough to sell.

A little "pain" now can pay off in the future.

Another issue that has come up with fees through the years is the "Account Termination Fee" charged when closing out an account.So, the following are a few that we have worked with; Pensco/Opus Trust, Sunwest Trust, Equity Trust, IRA Services Trust, Sterling Trust...There are other firms like Entrust that are Administrators and can take care of you too. 

It’s a pain, but that’s what we have to do.

@Matthew Wetmore I feel your pain.

The 600 dollar per month tenant will be a pain.

Also the house is metered as  single family so dividing the utilities up is a pain.

Some you cannot resolve and that is when you realize the honeymoon is over and you need an expensive divorce attorney and partnership breakups can be more painful that a divorce.What happens when Partner A wants out and Partner B can't get the cash to pay so they dump the property for a flea market price.