You definitely want to work with a custodian that offers a flat fee pricing structure for the LLC asset and not a percent of account value method.  

I would definitely recommend doing your due diligence on any property you are looking at and get all of the information on it that is available to the public before even making an offer.The tough part about doing fix and flips in this market is that you can never really predict where the market will go.

@Clayton Jeanette we should definitely connect further and I agree that Tucson can be a great market for rentals.

I would definitely set up a separate Banc account.

I definitely will be following this thread.

Definitely very high for owner occupancy by me. a friend of mine literally just locked in at 3.5 on a 20 year yesterday.Of course it depends on your credit, etc.

Ask for their definition of each of the class types to see if they understand the differences and nuances of managing each.  

Now that you've mentioned it, I definitely think that working with a broker makes sense as far as flexibility in financing sources/options is concerned.

There's definitely areas and streets that have run down homes and my goal is to purchase them and fix them up and make them into QUALITY rentals.

Unfortunately when it comes to tenants once you start down that path nothing will ever be good enough.