What can I expect when getting funding from a bank on something like this?

I was wondering if I should set up another personal bank account for all activities.

@Kristine Ann No, but spoke with connection/VP at the bank.

That doesn't seem like it would be your responsibility.I personally really like Bank of America for a lot of reasons, but paper checks are always slow.

The property cannot be valued in the traditional way, which is why I'm seeking a private lender who will value the property in a commercial-style method via the cap rate.Source of down payment funds: Implied equity (refi)Income Source: W2 for both my wife and IGross annual income (between the 2 of us): ~$300kMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: Student loans, rent, and what exists for this tiny house.FICO: 725Credit issues: noneThanks for reading this far!

Recently she changed her will and named us as personal representatives and is leaving us her property when she passes(crazy I know).

This is an extremely important point, because if there is no clear rules defined by each person, then it can be confusing and lead to anger or resentment between partners.

o Commercial loan, sort of - they are 30-year fixed DSCR loans with private national lenders.o We close in an entity/LLC 99% of the time - very rarely do we receive a request to close in someone's personal name.

It effects every aspect of the property and performance- the type of loans and insurance you need will change if you don't hold the property in your personal name. 

If  your rule is not to rent to anyone with a prior eviction, this person would fall under that rule.