@Brian Willie this setup is very common to avoid having each Property LLC to have its own bank accounts.Only the Management LLC will need Operating and Security Deposit accounts.They all need to be single-member LLCs with the same owner, or else it gets very complicated.Find a good tax attorney to help set this up.

Having a separate account to hold security deposits is a good idea.Having another account for business operations is also a good idea.There is zero risk in opening a bank account and it doesn't take that long so you can do it now or do it later.Good luck

And good luck on your journey!

I have a good W2 income and have some capital to use.

Good afternoon, I found a property that has a fixer upper on it and comes with space to create 2 extra lots.

Hi @Keonte Davis Good for you for getting back out there! 

Do you have a good insurance company to recommend?

I would've expected it to be a good time to rent due to the season.

.- Looking for rental friendly area- Want to be close to the beach / downtown Charleston- I am more interested in Johns Island due to tax dollars being put into that area#1 What does a good Charleston deal look like?

Feels good to make an account and join the conversation,  Mike