Then they wanted to harm the owner who had an issue with it.

I also see REIs who start off with "bad habits" in my opinion.

I do this because I am acutely aware of how financially stupid I was with my money in the past, and how throughout my life, I've developed bad habits and negative attitudes towards the very things that matter greatly in terms of success as an investor and entrepreneur.

You don't want to get into the habit of buying your cashflow by putting more $ down.

From the listing, "Dwelling has been involved in a fire and has extensive interior damage and needs LOTS of WORK to bring it back to habitable condition."

These line items are meant to be reserves you stash away for a rainy day, so there's no harm in over-estimating them. 

I'm new to real estate in general, so I'm not going to pretend I know what I'm talking about. I'm out of the Phoenix Az area, and one thing I've noticed is how ridiculous rent has become. Phoenix has seen incredible a...

with no further impact to your credit score#2 - your credit score WILL RECOVER with healthy credit habits. 

Just use the credit card while sticking with your normal spending habits and pay off the balance each month. 

There's a ton of good books on this to help get you in the right mindset - E-Myth, 4hr Workweek, The One Thing, The Power of Habit to name a few.