I have a question regarding hard money lending which may seem pretty basic but I haven't seen any discussion on it, and even read BP's no or low money down book, with no luck. 

I started out with a lower income so it was super helpful that I had a super low DTI ratio.

Expenses on a mobile, due to the low quality construction and the quality of tenant pool, will be high however.

Right now apartment cap rates are at basically historic lows, so although cap rates could be at a 8% in a market, it could be 10% in 5-years (or 5%...if I knew, I'd be a millionaire at 22).

People throw that word around a lot, and if it is used to mean just 'a tenant could live there' then that's a pretty low standard.

Comparable to the cheap brands at Lowes or Home Depot. 

@Sam Shueh I drove to Jacksonville to Floor and Decor and it was worth it since Lowes and other stores in my area didn't have anything in the price point I wanted.

Thanks,Josh Keep your DTI low & do not quit your day job!

Usually it comes in low, then have the client switch to our lender, the appraised value then comes back in like it should and all is well. 

And I don't see any reason why you would ever want to close them yourself.Your credit score would not be negatively affected by having an open credit card with a zero or low balance.