Score 540, Late pays (revolving), too many inquiries.

Maybe if you have one or two sub2 deals that's not a big deal, but for some of these guys whose whole business revolves around sub2, I think it is foolish to assume that since nothing has gotten called in the last 5 years (when interest rates have been at historic lows), then it will never happen.

Can't say that I have but if it revolves around Lonnie Deals then it might be really old material.

While my effective rate is 15%, the question was originally revolving around the possibility of lowering that marginal rate to 15%.

I anticipate that is how future attempts to help will result.With that said, my mentor gave me guidelines that essentially revolve around restricting all future communications to be formal and tied to only either rent, or sending reminder notifications of the last day of tenancy.

Installment or revolving debt in general, especially if not used to buy good assets.Good debt can be good. 

he also mentioned that i should definitely apply for a business loc before going for a personal loc because if i do it the other way, i could hurt my chances in the future.i did some reasearch before speaking to him and from my research, i should really be looking for a revolving personal line of credit with simple interest.i have excellent credit and not worried about getting high rates. my question is am i trying to bite off more than i can chew by going for a business loc?

To sum it up, it's really an enhanced form of arbitrage where you use a line of revolving credit to pay down big chunks of your amortized home loan.

@John Stoeber 30-50 units cam still be easily managed by a third party property management company. 

His office seems to be a revolving door with employees coming and going so that at no point is there really anyone who is fully trained.