Its not a fully functional credit account. 

If an inspector finds the outlets aren’t up to code, the parties might negotiate a credit from the seller to address the issue, with any further repairs being the buyer’s responsibility.

The most important factors a hard money lender will look at, if you don't have experience, is your liquidity and credit score & history (as well as your background -- no liens, judgements, foreclosures, bankruptcies, etc).I would hit up @Michael Cid -- he's a tremendous resource and is a direct lender. 

I hunt down projects for my clients and yes we do get project costs sometimes under 70%, lowest I seen has been 58%. 

The best part is that the debt will be reported to the credit reporting agencies and it will stay on the tenant's credit report for up to seven years.

Hi Jasmine,A DSCR cash out refinance sounds like the best product for this.You can vest in an LLC and most DSCR lenders do not report on your personal credit report!

Hello BP,Are there business credit cards that don't require a personal guarantee?

Real estate has so many tax benefits and credits available, that I always tell people it's crucial to have a CPA that's extremely knowledgeable in this area.

there are national lenders everyone's heard of (Chase, BoA, etc.) and local lenders (regional, local, credit unions, etc.)call a bunch of both. 

These include the following:Type of loanYour credit historyType of mortgageDebt-to-income (DTI) ratioLoan-to-value (LTV) ratioThe property typeEven if you have enough for the down payment, your lenders will require you to meet certain criteria before approving a home loan.