I think a Starbucks, Dunkin, Pizza or a small bank or credit union branch would really thrive in this location.

Most investor loans will require a minimum down payment of 15-20% of the sales price with having healthy credit and a few months of reserves. 

The truth is about the only credit I can give to any of them is that they got me interested in realestate and got me motivated to get involved in the game, the rest I learned by trial and error, people in the business and the biggerpockets of the 90s; creonline, who had people like you giving good advise to newbies for free.

So, if there was a credit card judgment against your borrower, you would contact the lawyer who represented the credit card company (their name is on the certificate of judgment in the real estate records) and pay the money over to that lawyer. 

If seller let roof warranty expire or not keep it up then typically try to get a credit from the seller at closing to cover future roof maintenance.Whether a roof needs lots of maintenance depends on if it was installed properly and how many trees are around it.

https://www.biggerpockets.com/blog/short-term-rental-loans-a...High Level --Conventional will typically offer lowest rates/fees but harder to qualify, especially if you are scaling and past the first couple of properties or going for the high-end of the market-2nd Home (10% Down) - should be very careful here - these are not intended for STR properties and people using them for pure investment properties are entering dangerous territory (you are attesting to use it as a rental half the year or less, no management, need to live in proximity, etc.)- DSCR Loans - typically your best bet if you don't quality (or have "outgrown") conventional or looking to scale a portfolio or diving into more specialized markets. 

So I get good mental exercise here, or try to, while getting some added REI "fix" and if I can get challenged that's just extra credit, as is learning something new is icing on the cake. 

Build your credit today so that you can qualify for a loan.

more info: At this point I'm satisfied with all other aspects of the application and credit/background check came back clean and excellent. 

I have a SDIRA rental home that needs a bathroom remodel, can I get a line of credit or a loan for this SDIRA LLC?