Personally, I like this and have had some good counsel on using two LLCs--one for holding and another for renovations. 

Quote from @Heather Enciso: Thank you so much for writing this post.

I been researching and doing homework on potentially taking on a rehab project and flipping it once done, I have a few properties/areas in mind.  

Hello,I am currently exploring the possibility of investing in a 3-bedroom townhouse or similar property in Pennsylvania, specifically in Montgomery County, Perkiomen, Collegeville, Norristown, Pottstown, or even Haverford.My intention is to purchase the property for rental purposes.

But as my first one I learnt a lot doing this deal so hoping to use that for future deals. 

Please reach out if you would like to get more information. 

I would love if a CPA could reach out to me on this post or by direct message that I can speak with over the phone to get an answer to my full in depth question and situation to see if it is possible. 

Not to mention the FED meets this week and are expected to drop the FED rate by .25 basis points.

In this case, I would recommend that you inform your tenants of the fact that payments made are pulled at 6 PM instead of the usual midnight closing so they should have funds available the day ahead going forward. 

The govt has to be the one to fix this problem.