His note seemed to indicate it was an unsecured line of credit so I wouldn't touch that with a 10-foot pole.The short answer is: everything is negotiable.  

Verifying last 2 years of rental history very important!

Most banks or credit unions simply wont do them post the GFC..

And where do you think you can get rents.We've been able to secure 80% loan to cost on these types of deals with a credit union recently. 6% is a good rate, but I would see if you can shop around the LTVGood luckGino

Hi Maura,Do you have a US credit, US based LLC and US bank account?

Hello All,Can somebody please recommend some companies that report tenant’s rental payments to the credit bureaus.

Hard money and I was able to acquire $90K in credit lines from 0% APR credit cards.

When I allowed HH properties at my company, we screened people to the degree we could (credit, background, income, rental history), but you still end up with some percentage of "crazies" who can derail the entire property and force out your other tenants.  

Several reasons: market rates, cost of operations, risks of the tenant in particular, rental history, turnover potential, loss of rent during turnover period, "hot" or "cold" market, etc.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?