This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.

STRs sound like too much work to me.Portfolio income = stock dividends, interest income (from banks, credit union etc), Master Limited Partnerships (Form K-1), Business Development Companies (Form 1099), bonds, interest earned from investing in a real estate debt fund, interest earned from being a private lender

I paid off all debts with the exception of my home; and now i feel i am ready to start in real estate.

Here’s a rundown of my current situation:- Own an S-Corp (landscaping) generating 70k a year- 160k in available cash funds- Credit score around 720- Zero debt- Own one property valued at 365k, 30% equity- Property is rented by the room generating $400 a month after mortgage and taxes- Additional 590sqft house is being built in rear of property for 60k.

Some loans like DSCR (Debt Service Coverage Ratio) loans are based on how the property operates as a rental (income, expenses, etc). 4.

Your biggest issue with 5 bedrooms is that 50% of your income is going towards the mortgage, I do not believe banks would even lend to you with a DTI above 40-45 (mortgage + other debts).

They do say they have a one time fee for debt collection and I suppose negative reporting with a 30 day delay and dispute process. 

Will your card cover for commercial use (a personal credit card will not). 

Just do it, tell them to send you some gift cards for the inconvenience lol otherwise they might have to call your note if its in their legal reach. 

In that example, I was imagining that the investor made upgrades and improvements AFTER closing, either with their own funds, a personal loan, credit cards, etc.