Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.We have no plans to change how the forums work as it pertains to the deletion of posts. 

Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.

If Don fails to pay, the bank will certainly go after me, it will at least ruin my credit and will likely take me to court.

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

Plumbers can separate lines, but trenching and additional work can drive costs into the $5,000 –$10,000 range.

The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment. 

If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

Since I'm a new immigrant with no credit score, a DSCR with 30-35% down payment is my only option, so the 50K need to include that down payment alongside all other costs (closing, rehab, etc).