Higher assets or cash in the bank increases what is called you compensating factors which banks/lenders use to qualify.

@Hitanshu ShahDon’t expect to recover losses—it’s usually not worth the time or cost.

This was in a middle class neighborhood and I get why that is less risk however with apartments increasingly including laundry, I would imagine demand lessening in that location. 

Sometimes worth waiting in that case.  

In your mind, is losing $9,500 worth saving $195 per month? 

Unless you're working with Private Money that is going to carry the risk of your lack of experience, banks want to see experience, Net Worth and liquidity after close to consider the terms.I started with single family, four plexes, and remodel flips for a lot of years before getting into larger deals. 

However, if you could buy a 5-bedroom home and rent out four of the bedrooms, then it's probably worth the trouble.

But if you have to jump through hoops or spend a significant amount of money to put it in might not be worth it. 

Someone planning on stealing anything of worth is going to do it while you are gone.

The problem is, that's not proper accounting because a credit card is a liability, and doing this workaround will reduce your assets rather than increase your liabilities, which totally messes up your balance sheet and debt-to-income ratios.