Or can I just do the LLC and a bank account and separate email address for contacts?

Hey @Al CostanzoYou can surely go through the "Education" tab under your account's main page that has some valuable links.

Regardless of the rent, I still need to account for a low end kitchen, bathrooms, carpet / flooring, paint, as well as some amount for shared items like tuckpointing and the roof.

If you can justify the cash flow after accounting for PITI, CAP X, maintenance, management, and 5-10% vacancy, then you should be good?

X & Y can be adjusted slightly to account for things such as tenant specific build-out etc. 

.#9 check and see if the water and electric provider have some kind of scam lockdown like a credit freeze that would lock the account from being turned on without your permission.Sorry this has happened to you. 

Hi BP,I am currently looking for a real estate accountant.

The numbers you see in the deal deck/initial projections take these fees in to account when estimating investor returns.

If you have equity, your extra cash flow is simply your own equity coming back into your bank account, and not truly new cash flow.

An annual election is not a change in method of accounting.