The new people don't know and they are the business target.

It's easy to bite off more than you can chew in this business and that's especially not a good idea for your first deal.

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

I have two phones, one for business and one for personal.

Although I don’t have experience in house flipping yet, I’ve successfully run a construction business back home.Due to the war, my family and I had to search for a new place to live.

Make it part of your business model and focus on scaling vs managing.

Anyone know of any good sources for small business HELOCs?

As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone  mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.

Perhaps you start a side business or go all out on cutting expenses that are sacrificing things that you want.