I’ve ran out of money because something unforeseen has come up but because I had some un mortgages properties I was able to leverage one of them and get the money to get me by.

I have some cash to do it but that will run me dry of my cash reserves which I would like to keep on hand for any unforeseen situations.

Because it's a HELOC, that means if need be you have ready access to pull $ if any big unforeseen expense happens, right, so working capital does not need to be a massive amount at this moment long as you have HELOC backup. 

Gives me as much time as I need for unforeseen items2.

To really answer your question, with my first purchase I am just trying to find something that will yield any positive cash flow-enough to cover any expenses, debt service, and unforeseen repairs (easier said than done).

Keep in mind that unforeseen issues can arise during the renovation, so allow for some flexibility in the schedule.6.

If they require money for unforeseen expenses, they can get a payday loan, use a credit card, borrow from family, etc.

Capital -- do you have the financial reserves and/or working capital to get through unforeseen circumstances?

My score was 650 just as early as 5 weeks but again, due to unforeseen circumstances I've over utilized my credit cards. 

Those records can show you a great deal but not everything so due diligence so you don't get burned with unforeseen debt that carries over to you.