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.

This way, I can get the bank statements for the property and categorize and reconcile everything. 

Start by talking to your bank. 

and I was just one little mortgage guy with 450 loans out.. can you imagine the banks with hundreds of thousands of loans and servicing companies.. so having mass equity or paid for keeps this from ever being an issue. then when I sold these off.. most for cash but a lot I did a 30 to 60 month ZERO interest deal on.... and boy you should have heard the cash flow cool laid drinkers..

He is very good about deductions on tax returns so his income looks negligible and of course banks wont talk to him about loans.

Now that we are 10 days from closing, I am talking to loan officer to get the Closing Disclosure so that I can know the exact cash to close (I need to move money from brokerage to bank account) and he is mentioning about 2% IPC limit. 

I found a bank who would work with me and the SBA and the deal happened; I got the loan. 

Getting over 5% return when using their banking partner so working to transition all my properties over for rent collection.  

-Local banks were the best.

If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.