Plus I use Wave for bookkeeping...I like simple, I would have to get more than 10 places before I deviated from what I'm doing now.

Monthly rent will be deposited directly to the business account.Since this is absolutely new to me (the LLC setup), I'm not even sure I've provided enough details for folks to provide feedback or advice...Essentially this was a bookkeeping method and not a legal one.

These are systems for listing, showing, screening, maintenance, bookkeeping, taxes etc etc.

*I think the lists had admin assistant, bookkeeper, marketing coordinator, property managers, etc. 

Minimal duties include: obtaining monthly dues, tracking delinquencies, thorough bookkeeping, regular communications to owners of budget, hosting a website, regular maintenance on the property, and managing and vetting contractors, managing contracts and renewals, etc.

It will assist tremendously in tracking the transactions (bookkeeping).

The main reason I can think of is just for bookkeeping purposes, it will be easier to break them out, but are there any other things I should consider before deciding whether to open up another account or just combining? 

Instead, I borrowed money to purchase the property, where the collateral was my personal residence.RehabOverall, very minimal rehab was needed.The $6,047 was the total rehab costs based on our bookkeeping.

Definitely install some sort of smart lock that automatically generates access codes for your guests, try bookkeeping software like Stessa, and use a Ring doorbell camera to monitor who is coming and going.Good luck and keep us posted with your progress!

That said, if you're looking to buy this property, the most concerning thing is the lack of book keeping.