We use a separate account for the commercial products.  

I’ve heard it’s important to separate your personal finances from your real estate business finances.

You separated those items like they were two different things.

I am trying to analyze a BRRRR deal and factor in the cost of hard money as well as find what the deal looks like after refinancing but I feel like I should separate them and used the rental calc and then the brrrr calc...

Hi Guys,Having several properties divided into several LLCs.. these LLCs are owned by a Parent LLC, which is owned by a partnership.LLLP -> Holding LLC-> Rental LLC1/ LLC2 / LLC3All income/expenses are flowing out/in from a single bank account.im using QB to account and allocate by classes, so no mess there.i heard there is a need to have a bank account separate for each LLC, it seems excessive and cumbersome to me.is there a better way to go about this and maintain a balance between protection and ease of operating?

Another idea you can do, is have your letter template wording in separate excel cells, then plug in the owner name and address, then concatenate each specific owner name/address with your general wording, and that way you can quickly compile all of the text you want into a new cell, then copy and paste that into a word document. 

I was medically separated from the military after 9 years, and I got a severance check of 66k, and 90% VA disability which total to 1800$ a month.

In reality, they are at the garden level and the two floors above.The garden unit is only about 2 feet below grade and is otherwise a regular unit... full size windows in every room, high ceiling, front and back door, separate utilities and ventilation.

The numbers are as follows...Offer Price: $275KUnits: 6Rent per unit: $800 ($4,800 per month total)Vacancy: $480 (10% of Gross rents); Maintenance and Repairs: $480 (10% of Gross Rents); Capex: $350; Taxes: $917; Insurance: $833The tenants are paying for utilities separately so there's nothing budgeted for that.

The process to sell them is very similar to a traditional home except that you will transfer separate title/deeds for the land and home.