If you look at this first property as a buy-and-hold, you will have cash advanced on the line of credit that won’t be completely paid back to $0 and you will have your own cash in the property for improvements that you won’t get back out until you sell the property.2.)I’m going to throw out some possible terms, though I want you to know that everything is subject to final credit approval.Option 1) If you are wanting a line of credit secured with the autos, we will need to establish a financial covenant something to the effect of the line will need to rest at $0 for at a minimum of 10 consecutive days.

You can also consider establishing close relationships with real estate agents in your awas of work.  

Go and assess the issue, establish the number of cats present, and find out the areas that are the source of the odor.

This response neither constitutes legal or tax advice nor establishes an attorney-client relationship.

Or is it more advantageous to start off with a portfolio lender that will work with you so you have the benefit of having an established relationship with the lender so when you get to 10+ properties, they're more willing to work with you if the numbers make sense?

Either  1) you will get no loan whatsoever, or 2) It is some BS combination of "trade accounts" credit.....Office Depot, Home Depot, and other misc useless businesses......Not a cash line of credit.Once you qualify for any kind of business line of credit, there will be No upfront fee, and more importantly it will be because you have established an Actual ongoing business that shows a profit, and consistent revenues over a few years.Time to turn on your BS detector.

I am trying to establish repeatable processes. 

Make sure to find your local REI meet-ups and attend as they are invaluable to establishing your local RE base.Good luck and contact me if there is anything I can do to help as an investor or architect!

I suggested notes with established rehabbers as their main goal is to exit quickly so they need that note paid off to convey the title.

I've talked to some trusted advisors and they said this can happen when the insurance company inspects during the rehab process and can be easily resolved.