Don't rehab, hold on to it a little longer to collect the cash flow, then sell when buyers and lending are more plentiful3.

I dont currently use a payment app to collect rents, but I am trying to learn more about them. 

Once all rents are collected and the mortgage and any other expenses are paid, then the rest is cash-flow that can be split after a sufficient amount of reserves is built up. 

Most landlords are collecting all their rents and flippers are selling houses in record time.

Does anyone have any advice on the feasibility of not classifying the property as an investment property to depreciate or write off expenses such as furniture, dishes, insurance etc, & just collecting monthly rent on your property for a regularly classified home?

The security interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds and collections thereof and all records and data relating thereto.So one could argue that a ladder or your printer that is company owned could not be sold or transferred without contacting the SBA for permission.I think at the end of the day, as someone said on another post, that if you make you payments till the loan is paid in full you will likely never be audited.

@Yolanda W Cuevas we use cozy.co to collect rents.

Collections have taken a hit but, getting units rented has not been an issue.At least in WNY

Our software prorates the 1st month but we collect rent in full and the credit works itself out on the 1st of the following month.

You may want to consider asking a Property Management Company for this information.The asset management fee is its own separate fee that is collected from the GP managing the property.