@Michael Jackman, I'd agree with@Wesley W.I've only opened with business, but should be fine as long as totally separate than your operating accounts to avoid commingling.Whether do at midfirst, or different bank.

Quote from @Michael Santeusanio: I see many first-time investors run into the same financing pitfalls:Not getting pre-qualified before making offersUnderestimating rehab costsOverestimating ARVChoosing the wrong loan term for their exit strategyForgetting about holding costsWhat’s one financing mistake you wish you could go back and avoid? 

I know mistakes are part of the journey, but I’d like to learn as much as I can from others’ experiences so I can start strong and avoid the common pitfalls.Thanks in advance for sharing your insight — I really appreciate it!

From a lending perspective, you can buy in your personal name or under an LLC (with you as guarantor) depending on the program.If you’d like, I can walk you through the options that would allow you to pull cash out now and set up a strategy for future acquisitions — that way you’ll know exactly how to move forward and avoid the typical newbie pitfalls

Do you want to bid at auction, avoid foreclosure, buy pre-foreclosures, foreclose on a deed.

.: How I Made Millions Investing In Real Estate - Common Questions & AnswersList of Teaching - what you should know - Avoid the pain of not knowingNew people ask all the time, "What now?

We have friends that co-list with AirBnB, and my intent is to leverage their experience and have them co-list to avoid property management.Sellers would like $240k but their biggest personal goal is not having a car payment after they move (they wouldn't disclose how much they have on the auto loan). 

And are there any strategies you would recommend avoiding in today’s market? 

It seems like when you get the quote and when you get to the closing table the loan rate changes from the quote to the signing - how can this be avoided? 

All the more reason to get the paperwork airtight and avoid verbal agreements.If it were me, I’d hold steady on the month-to-month until the dust settles and everyone is on the same page legally.