I've done a fair bit of reading and have learned to account for r&m, CapEx, management, vacancy, taxes, insurance, and accounting for the first year or two of building reserves.

What are they historically?

I'm a 34 year old financial analyst from a very large corporation so i'm incredibility comfortable with numbers, analysis, and 95% of general accounting (I still use a CPA for my own real estate properties, but that's mostly to have an expert who's up to date on all the laws go over my numbers).

@Sara HopsonHi Sara, We first ventured into real estate in August of 2016 and chose Builduim for our property  management software because of the integrated accounting system.

Account ClosedI can not speak to the other custodians prices, but here is the bigger pockets list of SDIRA custodians. https://www.biggerpockets.com/rei/self-directed-ir...

I think you just need to re-analyze your deal to account for a higher interest rate.

My question is do I need to have a separate bank account for my LLC in New Jersey? 

Account ClosedIf you choose to let your tenant our of her lease it is up to you.

I don't know if the bank takes that option (line item) into account as the total insured amount.Anyone?

But as landlords, we DO have to hold tenants accountable and follow through with evictions and judgments.