Get your insurance in business name, utilities can be put in business name.

I believe you can also utilize an independent savings account, but you should check with the bank to make sure.

Are there any strategies here to utilize bank funds for our project?

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

I utilized those funds to purchase 18 rental units.

I do own two triplexes in Scranton, and I will say the one issue is that you are going to be taking care of the utilities normally if they are not on separate meters, which could take a good amount of money away from your overall cash flow. 

I'm trying to figure out a way to utilize a large storage building at one of my MTR listings in Memphis.

What about the utilities, property taxes, maintenance and repairs, capex, etc. are any of those optional for you?

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?