I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

I definitely am leaning toward the first application being the one for me, and I appreciate the advice to make sure it is a good tenant in addition to just being a flesh and bones human who (might) pay me the rent on time.One of the advices I read above was to be a bit less discerning perhaps and get someone in the door for 6 months at a reduced rate, and then find my golden tenant in the summer.

Additionally, I wholesale deals and we buy & hold in SE Wisconsin.

@Salome Ditmars In addition to what has already been shared on this thread, trusting the sponsor will be paramount to you sleeping at night, and I can't stress that enough.

In addition being able to do your own searchs and one thing out west here that was very productive for us/me was just going through the big Plat maps ( the actual mylar / paper ones in the day) We could find shadow plats.

Additionally to that I am looking to expand into 3 other markets but I have boots on the ground in those areas.

If you may please send me an email or text when you need additional help as I don't access this blog very often.

This can help you greatly with the additional depreciation.Ultimately, med to large MF and small 2-4s are totally different products. 

In addition, you will not be relying on the legislature to continue to protect safe unpermitted units.  

I will split a giant master room into two smaller rooms and will convert the living room to get the additional three rooms.