if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

Hey Dan, renting to a sober living operator can be a great idea.

Hi Henry I’m looking to collaborate on underwriting and  presenting deals to operating partners. 

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

I had one short term rental that was granted a permit earlier this year and I have been operating it for months now as an STR.

Or is it better to capture all the rental income while continuing to pay my current rent at $500/month?

5K rent seems cheap for the area so I would continue with that.

Never use Operation Tango Yankee inc owned by Rob Mincey.

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

We should see a continued rise in inventories going into next year, which is normal for this time of year.