Set up a business account with Wells Fargo or Chase and give each tenant a "deposit only card" so they can pay at any branch location4.

Do any of you use credit cards to pay for rehab projects? 

Also sorry for the rookie question but what do you mean by return on equity?

If the loan from the long-term lender is less than the payoff amount of the original short-term lender (because you didn't estimate the ARV correctly), then you'll have to bring money to the closing table for the refinance.If it's a line of credit (credit cards, a HELOC on your primary, etc), there won't be an "automatic" payoff, so you'll just use the cash you get from the refinance to pay it off yourself.

Just like a credit card, you don't have a payment unless you pull out the cash.

It's a new meetup with lots of rookies.

I don't have a credit card linked to this account, but I'm not too concerned about missing out on the reward points or 1.5% cash back on the $1000 or so I have in expenses a year.

Car, credit card, or mortgage application.  

Hi everyone, RE Investing Rookie here, and I have been in a very tough situation lately that I really need some advices.

1.Subscribe to the BiggerPockets Money and Rookie Podcasts2.Attend the FREE WEBINARS3.Attend a Meetup in Your Area / virtual meet ups4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy5.Peruse the forums!