I currently operate out of my personal bank account, but was told it's a good option to set up a separate business bank account for everything involving this property (rent, any expenses associated, property management fees etc.)

It is a no brained there and it does not cost anything to operate at those locations.

We bought it for $485k, but 70k into it, and after our first year of operating, have a couple off market offers for $800k, so that’s fun.

I have previously operated a family owned coin op self serve laundry for 2+ years and am very familiar with the area. 

Hi @Bob FogliaNote investing might be something to check into.Partnerships are only scary if you don't have a business plan and good operating agreement. 

Specifically, looking to build wealth/income via the 3 core benefits of RE investing: 1) cashflow (feel quite strongly that things need to cashflow neutral and more than likely positive from the onset) 2) appreciating over the long-term (I understand boom and bust cycles will come) 3) Having tenants pay down debt to create equity.Syndication - this is something I have lightly looked into but based on everything I have seen the return are good (6-10%) but not as strong as they could be if I do this myself.

*the take away here, IMO, is not to try and predict crashes but to operate in a way that give you the flexibility to be opportunistic when these random dislocations happen.

I'm currently in need of a strong list of vendors and contractors who operate in Greenville, Spartanburg, and Anderson and surrounding areas.

As an individual who has rented for the last few years (new to REI, plan on househacking a duplex as soon as we close), I would suggest going with Option 2 using coin operated machines.

Yes, at it's very core, wholesaling is simply the act of buying something at price A and selling at price B with the understanding that B is a bigger number.