Bank Accounts / Checking Accounts
What is the best way to setup up bank accounts for rentals. I have my main personal account. I also have another bank account at a different bank just for closer convenience. I have a 3rd bank that I just opened up for my 1st rental. I have a 2nd rental I am working on as well and hopefully in a few months the 3rd one which I will be partnered with will be ready as well.
How should I set up bank accounts for these? I know some people do a checking for each property. That sounds like a hassle but if it is the best way then not a big deal.
I was thinking for all my personally owned stuff I could have a main checking account and then have savings accounts for each property to hold the deposits and rents.
Then for any properties co-owned I would have a separate set of accounts for that.
Now I use some sort of credit cards to buy things 99% of the time. Now can if I bought drywall for house A and 2x4's for house B, can I then transfer money or write checks to my personal account to pay for the credit card purchased?
What the best way to do it?