They donate to their charities whatever they can, they might send some items for recycling, and to the dump with the rest.

Here’s several things I failed at the first time I tried them: Kissing a girl, changing a diaper, painting a house, pouring a glass of milk, changing a car tire, doing a podcast, buying a property, taking a math test, talking, walking and eating.

Items found in these locations will be promptly discarded•There is a recycle bin in the laundry room.

One could be newly renovated, but not performing due to bad management, the other could be loaded with deferred maintenance and teetering on obsolete, but the owner is milking every last ounce of return out of it .... the CAP rate will not discern.  

Things I'm into: Coffee (specifically almond milk mochas and caramel lattes), ceramics, sketching, listening to BP on the way to work, riding my bike, hiking, and standup paddle board. 

This method requires you to have a lot more cash since you gotta be out of pocket with cash before you get your money back to recycle and proceed to phase 2.The HELOC route is the because once you establish the line of credit you can pull it or use it at will, but the downside is the HELOC is only based off the current fair market value (FMV) of your property today so you cannot borrow against the after improved value (less access to future equity).

Should we have a joint bank account separate from our own strictly for the REI business to keep track of funds and cash flow recycling and etc? 

This strategy is really meant for recycling your cash and scaling a portfolio.  

Use them when you evaluate stocks and bonds, not REI...particularly if your end game is cash flow...as it should be.When was the last time you walked into the grocery store and for a gallon of 2% milk with 2% of your cash flow.  

The other houses get the locks recycled.