Additionally, there are pockets where long-term rental returns are also amazing and can cash flow great, you just need to know where to invest.  

@Nicholas BetancourtYes, a separate bank and separate credit and debit cards will help with tracking income and expenses and will help with tax return preparation. 

If you’re already keeping rent income - expenses as rental income on your taxes what’s the advantage?

I'm getting ready to sell my first home, purchase my 2nd home and invest in an additional property to flip.

Will you have more or less cashflow per month (including your income from a job) before or after this perspective deal.

I don't live in the US and I don't have another income in the US (such as employment or earned income), but I have a property that was rented starting in September 2023.

Total leased income on the property will be $2000 or more per month, plus another small additional income the property offers ($100 to $200 per month).  

Additionally, the house will likely appraise very favorably after as well with a cash out refi a big possibility Thoughts?

The only thing I’m hesitant with is their monthly income being 2.7x the monthly rent (plus 5-10% annual bonus which brings it closer) been following the 3x the monthly income qualification.

Added info:  My current 18 single family portfolio has a Loan to value of only 56%,  (1.8m value 1.03m borrowed). another negative These additional doors would be leveraged (owner-financed) at nearly 100% of their as is value.