An LOC on the rental will be nearly impossible.you have no history as a flipperno history as an owner/operatorand things like the LOC / REFI cash out usually require seasoning.It takes money to make money and your first venture will not be at the best of terms :sigh:

(I'm about to go double check the lease, but wanted to put a feeler out there)Also, since I haven't done it before (in this special case or just in general): When screening a new commercial tenant, can all the same tenant screening services used for regular rentals (e.g. mysmartmove) be used, or does it have to be a special thing specifically for commercial property, even if the business that's applying doesn't have a history, and is a new business?

Now a bit of history on myself.

Just a short Bio summary,I am married to a wonderful woman and blessed with two lovely daughters who are all grown now and married as well.

Social media provides a more full picture of potential renters than hard data such as credit reports, income and housing history may do alone.The Fair Housing Act protects people from discrimination when they are renting, buying, or securing financing for any housing.

@Robert Ombres:The history of the abortion that is BSL is both interesting and infuriating.

@Mark Walker, I'm assuming you've received a copy of the leases and payment history from the owner.

@Kent Johnson My daughter told me she would never rent a place with carpet.

I am looking to do a 85/15 mortgage loan through a local bank that I have some lending history with.

I have a good credit history, a little money saved up, a retirement and 2nd pay check coming in, and no debt.