first use a credit card specifically 4 the business on all purchases, never pay cash. same with the bank account if you can. then track all the expenses using something like Quicken. you can categorize any expense and even split an expense if it's partly personal and partly for the property.On the Federal Form E you can specify the percent of the property that is owner-occupied. that's really all there is to it, we've been doing this for many years living in one unit of a multi.

Bank connections break often.2.

The flip I worked so hard on for my first time failed, and now the bank is selling it full price without me.

I just got one on one of my rentals for 6.3% at my local bank.

If the recession is severe, bank lending will dry up, these loans won’t be able to refinance and investments  will crash.  

I recently sold a home and have an extra 20k in the bank should I pay the credit cards off, or use the 20 k to invest into properties?

I recently sold a home and have an extra 20k in the bank should I pay the credit cards off, or use the 20 k to invest into properties?

Your best bet is probably to call a bunch of banks until you find one

They seem to be doing fine as they have managed to keep a balance of about $6k in their bank accounts but would I consider them very risky and I don't think they can afford paying $2,200 rent without facing financial hardship.

I told her I would need a cashier's check from her bank.