I don't really have any advice to offer but I will say that I get enough of those letters that they're all the same to me and they're all recycled. 

We are acting as if we don’t have half a million between the each of us and are constantly recycling our the money.  

If you didn't leverage property A and the market contracted, your rents would provide you with significant margin of safety so you could still eek out cash flow.If the RE cycle is in a growth period, you could do great.

They donate to their charities whatever they can, they might send some items for recycling, and to the dump with the rest.

Items found in these locations will be promptly discarded•There is a recycle bin in the laundry room.

This method requires you to have a lot more cash since you gotta be out of pocket with cash before you get your money back to recycle and proceed to phase 2.The HELOC route is the because once you establish the line of credit you can pull it or use it at will, but the downside is the HELOC is only based off the current fair market value (FMV) of your property today so you cannot borrow against the after improved value (less access to future equity).

Should we have a joint bank account separate from our own strictly for the REI business to keep track of funds and cash flow recycling and etc? 

This strategy is really meant for recycling your cash and scaling a portfolio.  

The other houses get the locks recycled.

You could literally do hundreds of transactions in sequence by recycling the same dollars and pay the set-up costs only once.The securities option is a bit cumbersome in the beginning and requires some annual upkeep, but it is this option combined with the borrowing option that allowed me to grow my business from zero to over $30 million in assets under management.