This helps support a strong credit profile and a favorable credit score.One downside is the possible impact on your debt-to-income ratio should you seek to replace an auto, major appliance, etc. requiring a new loan just after applying a "chunk" to your mortgage.Deposit accounts, mattresses, extra monthly principal amounts, etc. each have their own unique advantages.

The court considers "open and notorious" to be in your favor as opposed to being sneaky and deceptive. 

A partnership requires three things to be successful - Experience, Capital and Time.It looks like you have the capital and experience but maybe not the time.I have my doubts about this working if you have a friend who has weak credit and a limited cash flow.

Raising the  amount required to buy your target properties is not easy, and beyond the amount that must be raised without leverage it will be difficult for you to provide favorable return profile for your investors.

With the right resources and help, you can still make it happen.There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect.

Since my current strategy is BRRRR, I'm looking for a location where I can implement it successfully within my budget.I’d prefer to target the best neighborhoods or subdivisions I can afford, ideally with favorable eviction laws and other key factors.That said, I started wondering if there might be a better strategy to achieve my goals.

Using mortgage debt at 6-7% on a refinance to pay off higher rate debt such as a credit card at 15-25% is a savings!

Local banks and smaller credit unions are most aggressive in this space.

I was going to add, as posted above, it's a great rate and stick with that local credit union for the future business. 

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.