Do you have a separate checking account for each property/LLC or 1 main account that all of the properties run through?

The main reason I was thinking about doing this was because if I'm going to pay let's say $10,000 a year on housing, it might as well as go towards a mortgage rather than a landlord.

In residential sometimes things can be subsidized and the 7/1 is actually pretty attractive.2.

And cash flow at that high of a mortgage given the rents in the area, its not super attractive. 

You mainly just want to pass thru the cost, don't up price the tenant for usage/labor cost to read the meters etc. 

I was referring to 123 Main street being on the market.

The main reason you want a separate bank account is that it can provide more protection. 

@David Krulac  not to side track but I think that's what I do best on BP.... most of the railroad easements in our area were owned by logging companies.. and they are recorded rights of way.but your right railroads are about as tough as they come to negotiate with.we have a 160 lot subdivision going and there is a railroad between us and the main road.. you would think easy we just cross it etc..

Assuming it doesn't conflict with your main job, having a second job like this is another way to increase your income.

Mainly because when using an LLC one can still be named as a defendant personally, because its a “pass through” entity.