I have 28 years with my banker and have had the LOC for 25 of those years so lots of track record..

If this is your first project, your partner will most likely need to be friend or family... someone who knows you really well since you have no track record. 

Nope, most lenders don't give loans to new RE Investments companies without a track record / collateral 

In the half-century that the government has tracked applications, the worst week ever, with 695,000 so-called initial claims, had been in 1982.

You're on the right track! 

I agree DR does much justice, since most Americans cannot handle credit.

2 - How do I get an inside track to deals?

I'll only rent to someone (as usual) that I deem to be able to pay the rent.I am lucky that I don't have mortgages on any of my long term rentals so I have the ability to help out my tenants short term or even forgive some rent to get back on track.

I had no idea about tracking expenses or book keeping, so I simply did not.

@Max RievesIt doesn't sound like a single member LLC if you have other members who are investing capital.Regarding multi-member LLC's, you want to keep track of everyone's basis, which includes contribution, share of profits/losses and distribution.You may also have a requirement of issuing a K-1 to each investor.