I know a few people who rent detached garages separately from the homes. 

Thanks  I definitely have a separate llc and bank account for each property.

If Rent is $1300, set up Tenant to have a monthly receivable for $300 (for example) for 101-A, and a separate monthly receivable for HD for $1000. 

I understand the need for an LLC to separate my personal wealth from my investment properties.

If the property qualifies as a separate activity, you may be eligible to claim bonus depreciation through a cost segregation study, which can provide substantial upfront deductions — particularly beneficial if you are in a higher tax bracket.However, if your income level is lower, the cost of the study may outweigh the benefit.

I'm sure some attorneys will opine on here, but developers I've dealt with in the past that did both Fix/Flip & BRRRR generally had them under separate LLCs.

I know an LLC is the first layer of defense and a trust can add another layer. Here’s my question: if I partner with others, I don’t want to add them to my LLC in case there’s a falling out. Instead, they’d have their...

Rehab is always tracked as its own cost centerLabor, materials, subcontractors, permits, all separate line items.

I’ve heard with quickbooks, since I’m doing a brokerage but also 12 separate houses, is with rentals each one is a license, etc. 

This helps streamline operations while still keeping liabilities separate.