I have another friend who is expanding into the STR business with in KC (He owns the territory for the company he bought in to...right now he is just in STL)Happy to give you his info as well

So I strongly recommend that your rental have its own bank account.As for worries about the mortgage bouncing - the only way to prevent that is to fund the rental property's account up-front with some reserve capital.

@Alyssa TeepenThe title company would write you a check or wire the cash out (less the closing costs) into a bank account of your choosing.

Thanks for the info on the two management companies, I'll definitely look them up. 

I am trying to do some due diligence in searching out those mortgage companies that don't care about credit but keep running into brick walls.

So many landlords set up these types of additional escrow accounts and fund them monthly to try and anticipate those expenses - but these are separate from the lender's escrow for taxes & insurance.All the best!

If the PCR (Property Condition Report) identifies the property as IE (Insurable with Escrow) the, yes, a lender may allow you to fund an escrow account at closing.

I know our Paychex program has a background check company we use.I guess you could run your prospective employess thru your property management software like a tenant...

As an owner, what are the top considerations or issues you face when deciding to bring on a property management company to help manage your units?

We put down large down payments and keep a beefy emergency fund.