I think a lot of it depends on personal goals, the market/s one is in, what scale someone is trying/not trying to accomplish, how active an investor is in RE, their experience, etc.

Once you know exactly what you’re looking to accomplish with RE investing you can work backwards to determine the first steps which will make it a bit easier to answer these questions and then take action.

Would you mind sharing with me how you accomplished this? 

Hi @Justin Tyler,I have experience in owner-occupying the BRRRR strategy and also was a lender of 2 years helping clients accomplish this exact goal.

However, if you would like to segregate bank accounts, an LLC can be a good way to accomplish this.

I understand the gist of what would need to be accomplished.

There are many apps out there to make your life easier it just depends on what you are trying to accomplish.

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

You don't have to be a realtor to accomplish this unless your goals are broader than you have highlighted. 

Disqualified parties include:Account holderSpouse if marriedLineal antecedents; parents, grandparents, etc.Lineal descendants; children, grandchildren, etc.The spouse of a descendantAn entity such as a business or trust where one or more of the above have control via equity or directors roleA self-directed IRA or 401(k) cannot be used to do something that "you" want or need to accomplish.