You’re going to be personally sued no matter the cause of the loss.

First, banks do not prefer W2 income over 1099 income at all.

I would get on the phone with a local lender through a local bank. 

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

I personally don't know of their group but figured id link that article since i remember reading it and the name clicked. 

I have personally worked with @Wale Lawal and he is awesome. 

It took me 13 months to open a bank account in Belize.  

I was the first person to partner with them. 

Since you purchased your primary recently and in Houston, I personally am bearish on your appreciation potential.