I had 2 NB under contract in CC.

It not hard to find the fringe C/C+ class neighborhoods.

And would a CC be used for a downpayment or purchase of an entire property?

This means there will be plenty of added cash available to cover all CC and commissions.In this scenario, you're have $40k to move forward with, which gives you a PV of $200k...and, if the two new properties are the same as the original one, your cash flow should double...or come very close to  it.Scenario 2:  Everything is just like you said, except an 80% LTV is not the norm...you're usually looking at somewhere between 65-70%. 

I personally use my credit card as part of my reserves so that I can utilize my cash more efficiently but CC interest can kill you quickly if you don't have enough cash.

And each region of CC would have a different investment strategy.

If you put only $22k in cash in (DP + CC), you'd be looking at doubling your money over that 2 year period. 

Every CC one get's requires SS# does it not?

That are also of course tons of empty lots in CC, so they don't need you for a JV.  

Only debt I have is cc (5k), car loan(abt 4k left).