Then what happens is the lender reports your payment history to the credit bureaus and each time hereafter if you ask for another loan and the lender pulls your credit then they are going to see your payment history and whether you made your loan payments or not which will likely influence whether or not they lend you money. 

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

This is probably a place where you go to one of the personal loan sites to borrow money or maybe a credit union. 

Sorry to hear about the investment going sideways and credit to you for sharing your experience on here.

For financing, shop around with local banks, credit unions, and mortgage brokers to secure favorable terms.

Set aside a big pile of cash or rely on a line of credit you won't be using.The oversimplified insurance concept is to pay a small premium to cover a large loss.

Most local banks and credit unions will have free accounts.You need two accounts: checking and savings. 

If there isnt a long term commitment where he takes you to collections and destroys your credit for quitting early, $700/mo invested in yourself will not bankrupt ya or matter much 5 or 20 years from now. 

Short term (12 months), low loan to value with borrowers who have strong credit and significant assets.

It would benefit a lot if you are able to obtain US credit, US LLC and US Bank Account.