The money is withdrawn from the TSP and deposited right in your bank account. 

I went to the bank where I have my personal and business checking accounts.

The property delivers an 8-10% annual cash on cash return and has ridden the recent market upswing and appreciated about 25-30% in value since purchase (March 2016). 

Be sure your accountant is aware of that when you do your taxes.  

Account Closed Likewise!

Another reason is because you can get rid of your escrow account and on your credit it’ll show a cheaper mortgage payment which helps with your DTI.

I primarily take care of the John Deere accounts since I'm a former JD employee and understand how they work.

Every month I carry cash to my bank branch to pay down the balance of my mortgage, I've been doing it in the last 6 months, because I happened to have cash.I know if I do the same thing to my checking account, it could be flagged to the IRS as "structuring" or "smurfing", but does that apply to mortgage too?

Should I get a separate bank account, is there an application, pick the money up or have them deposit it to an account??

1st- Start a partnership and get an EIN number2nd- open up a bank account in your funds name3rd- take capital gains and invest into a buy and hold in the QOZ4th- Collect rent, let the tenants pay down the mortgage and then sell after year 10 for the biggest tax advantageI flip about 6 houses a year- 2 of the 6 flips I will take the profit and put into the Fund bank account then execute one of my option contract that I have for houses that I know that would qualify for QOZ.I plan on buying 4 a year using this strategy but I will also wholesale any properties or opportunities I come across in my QOZ!