Newbie Alert: How to Setup Bank as Landlord?

[Tim Kaminski]

Hello,

Coming pretty close to purchasing my first buy and hold investment property.  Had a few questions I started considering to make this transition go smoothly:

How should I make purchases in my new small business?  Open up a new bank account separate from my personal? Can it just be a regular checking/savings account or is there some type of small business account that would work better?

I guess I could continue to use my personal car and just keep track of all receipts?  That doesn't seem like the best way though.

Do you guys use separate accounts for each property/unit?  Or is that overcomplicating things?

Looking for any advice on how you guys have setup your small business.

Thanks!

Tim