If you have no money and he has it all, or you're an 872 credit score and he's a 514 it can still be done...but would you or he want to? 

I recommend looking into the local credit unions first (Charlotte Metro, Truliant, etc.).Also, in addition to the meetings @Karen Rittenhouse mentioned, I'd invite you to come out to the next networking meetup of local BiggerPocket members:Charlotte, NC REI Networking Meetup - Tues.

Just wondering whether people typically use Quickbooks (or other accounting software) just to track rental property income & expenses, or the whole shebang such as:- Down payment/closing costs- Assets - the property itself, plus other fixed assets- Liability - the mortgage- Depreciation- Equity

Lima One is great too especially if you have credit or debt to income issues to personally get a loan

Also HELOC's get more restrictive or lenders get rid of credit lines all together.

If anyone could take a look at this report and let me know if I'm on the right track I would really appreciate it.

I use the accountants software for the PM company side, but still just track the rent and property expenses on a spreadsheet as they are still owned personally. 

We get charged 3%, whether our renter pays from their checking account or whether they use a credit card. 

So I wanted to take this opportunity to potentially build a relationship with a local credit union or regional bank who also provides portfolio lending options. 

Furthermore, I do have some equity in the house and at some point I’m definitely going to take out a line of credit against it as a down payment on my first deal.