How will this affect my credit?

I later heard but never exactly why, that the place was an absolute money pit and the buyer, who was very experienced, regretted buying it big time.It is interesting, but I ALWAYS do at least a bit of research on the prior owners and have found few "hard luck" stories, at least as far as either higher or high priced single fams go, they're by far the same story where the owner makes the financial decision to walk away, mainly due to the insane HELOC's etc they were giving out, like 125% of home's current value back in like 2006, so now they'll owe literally like $750k on a home that IF in great shape would at best fetch $500k, PLUS they trashed or semi-trashed the place, so they'd be really lucky to get $400k as is and often they may be business owners or whatever and have a relationship with a local bank who will then know "the whole story" behind the big hit they take to their credit score and not treat it nearly as harshly as the average Joe, who's practically banned from even entering the bank for years!

(Paul McGraw even helped me fix my credit, which was remarkably easy once you know how.)

I disagreed based on my personal journeyI didn't have the money to invest in real estate, like buying a rental or even doing a fix and flip, my credit was horrible, and I could only saved $125 a monthSo I started wholesaling, and I was able to create a bunch of cash in 12 months and become great at finding deals.Then, I decided to start doing fix and flips, then rentals later on.I didn't come into the business to make quick cash.

My business partner and I have a joint LLC (shared business bank accounts / credit cards / etc) - pretty standard stuff.

High credit score.

Get a Home Equity Line of Credit (HELOC) setup or take a second mortgage on your house and use the proceeds to fund your purchase in CR.  

Calculate how much you could make at 90% occupancy, 85%, 80% and determine if the lowest number is enough for you and staff's time. 

that is not how cash flow works.it's also going to be challenging to get lending on properties priced that low - it may be difficult to get standard conventional financing.and finally, the lowest prices are going to be in the most challenging neighborhoods... which will come with additional challenges.some suggestionscan you spend some time researching neighborhoods more broadly, going to REIA meetings, and building a network?  

Accessing money from the stock market is expensive, whereas you can access the money from your real estate by collecting rent, cashing out equity, a line of credit, selling and investing in multiple properties, etc.I have a relative who has over $2 million in the stock market.