Hi everyone, I am curious if there are any industrial real estate operators on here. 

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 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.

This is probably the most comical post I have yet to come across!

Evaluate forming an LLC to protect both parties and outline everything in an operating agreement.

Does the operational company already exist and have income history?

I get into contract in my operating company and then assign the contract to the new LLC prior to closing.  

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

Partnering with an experienced motel operator is a smart idea—it can help bridge the operational knowledge gap and mitigate risks.When evaluating motels, focus on metrics like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR).