I occasionally scan the BP forum, but am a first-time poster.On my one SFR rental property, I have a mortgage with a local NE Ohio community bank.

Currently we have executed on this with commercial loans with local banks, but that is not the route we want to continue due to higher down payments ($100,000+) and higher interest rates at WSJ Prime +1 (sometimes +.5). 

You can use the USPS and their Every Door Campaign to touch all doors in a route for about 16 cents, then add the postcard 6 x 9 created at a local printer, mine run me about 14 cents each, and you have a full 4 color 2 sided piece in the hands of the consumer in your target area for about 30 cents each.If you need a list, try a list broker, start small and see how good the list is.

Basically you have a master lease to the local Chapter and they fill in the rooms as needed.Some considerations:1.

He lives in another city and told me to find a local attorney.

Of course, you should have a local attorney look it over to make sure it's in compliance with the laws in your state/municipality. 

I would also highly encourage you to become active in your local real estate clubs if you are not already.

You should have a main account for each property and then most local banks will allow you to create sub-accounts where can store funds or separate them into those buckets as the rent comes in.

@Ather TaquiI am no attorney, but a consultation with one in your local market would be a great idea.However, Ill mention this.Keep everything separate.

I was hoping for a referral from a local investor who has had a similar need and worked with someone they were happy with.