It is not a set it and forget it thing though, you'll still need to be active and review monthly statements and manage things to make sure everything is running smoothly. 

Each county in the US has S8 rent limits per bedroom, set by HUD.

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

I don't know if theirs is too good to be true and actually I think the fact that they have the VA system set up to work on leads for you is a huge plus.

Unfortunately, I do have a property in an HOA, which often comes with their own set of rules that you'd have to follow of course. 

Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.

Of course, you can always contact a prospective fund operator directly and ask them your own set of DD questions (ask for their track record, properties that the fund has acquired thus far, performance of the fund, past funds that have closed to investors and how they have performed, etc).  

Congratulations to you for setting yourself a goal and having a plan in place to execute it. 

I never liked Airbnb's or VRBO's pricing structure because it seemed more like they set a price that will get you booked so they can get paid, and not necessarily for the profitability of your listing.

Right Amit, this problem is actually a simple mathematic equition:one wants to swap a lesser performing rental with the more performing investment.The problem is since the performance is set by market, thus the problem is becoming:one wants to swap a less performing single/MF rental property in specific regional to a regional syndication economy that's more performing.In reality, these are difficult as the home price is rising and rent growth for SFR is higher than the growth of apartment/multifamily complexes esp. if it's class A property.Solution ?