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.

I’ve been strongly thinking of getting my CAM (Community Association Manager) license and going that route.

Try searching these keywords:four tiers of business creditNet30 Accounts (no space)Initial revolving business credit linesI am in the same boat as you with a new company (2 months old) - maybe we can start a thread with creditors we find that report and give trade lines without a PG?

My questions revolve around the proper debt structure for a project that has rehab and value add components.  

PRO TIP # 13- Home Depot has tons of pro direct programs, Which i will list at a later date, still compiling the list that are most beneficial for us.PRO TIP #14- YOW "Your other warehouse" I can get virtually anything on the shelf, and some things that aren't straight from the vendor to you, So if your sick of paying retail prices, don't play with rookies.PRO TIP #15- Financing, CRC- Commercial revolving charge- Traditional business card with options to pay over timePRO TIP #16- Commercial card (PROX) A commercial card where full balance is due at the end of each month.PRO TIP #17- Project loan- Great program maybe to finance a rehab, Straight forward loan 84 monthly payments, credit lines up to 40k.PRO TIP #18- There is no secret to getting approved to any, but if you do not get instantly approved then call the number the associate gives you and follow up, most the time it is something small and can be fixed right on the phone.This is all i can think of right at the moment, but their is definitely more I'm going to cover in coming weeks.So just a few things i want to cover before we are done.

For more detailed information, use the state links in the left-hand column.StateRental Real EstateCommunity AssociationsAlabama Property Management RequirementsReal Estate Broker LicenseNoneAlaska Property Management RequirementsReal Estate Broker LicenseReal Estate LicenseArizona Property Management RequirementsReal Estate Broker LicenseNoneArkansas Property Management RequirementsReal Estate Broker LicenseNoneCalifornia Property Management RequirementsReal Estate Broker LicenseNoneColorado Property Management RequirementsReal Estate Broker LicenseNoneConnecticut Property Management RequirementsReal Estate Broker LicenseNoneDelaware Property Management RequirementsReal Estate Broker LicenseNational Board of Certification for Community Association ManagersDistrict of Columbia Property Management RequirementsProperty Management LicenseProperty Management LicenseFlorida Property Management RequirementsReal Estate Broker LicenseCommunity Association Manager (CAM)Georgia Property Management RequirementsReal Estate Broker LicenseBrokers License and Community Association Manager (CAM)Hawaii Property Management RequirementsReal Estate Broker LicenseState Registration requiredIdaho Property Management RequirementsNoneNoneIllinois Property Management RequirementsReal Estate Broker LicenseNational Board of Certification for Community Association ManagersIndiana Property Management RequirementsReal Estate Broker LicenseNoneIowa Property Management RequirementsReal Estate Broker LicenseNoneKansas Property Management RequirementsNone for residentialNoneKentucky Property Management RequirementsReal Estate Broker LicenseNoneLouisiana Property Management RequirementsReal Estate Broker LicenseNoneMaine Property Management RequirementsNoneNoneMaryland Property Management RequirementsNoneNoneMassachusetts Property Management RequirementsNoneNoneMichigan Property Management RequirementsReal Estate Broker LicenseNoneMinnesota Property Management RequirementsReal Estate Broker LicenseNoneMississippi Property Management RequirementsReal Estate Broker LicenseNoneMissouri Property Management RequirementsReal Estate Broker LicenseNoneMontana Property Management RequirementsProperty Management LicenseNoneNebraska Property Management RequirementsReal Estate Broker LicenseNoneNevada Property Management RequirementsReal Estate Broker LicenseCertification by Commissioner for Common Interest CommunitiesNew Hampshire Property Management RequirementsReal Estate Broker LicenseNoneNew Jersey Property Management RequirementsReal Estate Broker LicenseNoneNew Mexico Property Management RequirementsReal Estate Broker LicenseNoneNew York Property Management RequirementsReal Estate Broker LicenseNoneNorth Carolina Property Management RequirementsReal Estate Broker LicenseNoneNorth Dakota Property Management RequirementsReal Estate Broker LicenseNoneOhio Property Management RequirementsReal Estate Broker LicenseNoneOklahoma Property Management RequirementsReal Estate Broker LicenseNoneOregon Property Management RequirementsProperty Management License or Broker LicenseNonePennsylvania Property Management RequirementsReal Estate Broker LicenseNoneRhode Island Property Management RequirementsReal Estate Broker LicenseNoneSouth Carolina Property Management RequirementsProperty Management LicenseNoneSouth Dakota Property Management RequirementsProperty Management LicenseNoneTennessee Property Management RequirementsReal Estate Broker LicenseNoneTexas Property Management RequirementsReal Estate Broker LicenseNoneUtah Property Management RequirementsReal Estate Broker LicenseNoneVermont Property Management RequirementsNoneNoneVirginia Property Management RequirementsReal Estate Broker LicenseCommon Interest Community Manager LicenseWashington Property Management RequirementsReal Estate Broker LicenseNoneWest Virginia Property Management RequirementsReal Estate Broker LicenseNoneWisconsin Property Management RequirementsReal Estate Broker LicenseNoneWyoming Property Management RequirementsReal Estate Broker LicenseNoneMost states require that people engaging in property management activities have a real estate broker's license.

Average of 4 properties which were a little biggerW Mgmt5840 Taxes - RE$3.16$3.165920 Insurance - Property & Casualty$0.39$0.396010 CAM/OE - Building M & R$0.40$0.406015 CAM/OE - Electrical Repairs$0.00$0.006020 CAM/OE - Electricity & Gas$0.31$0.316080 CAM/OE - Landscaping$0.25$0.256090 CAM/OE - Management Fee$0.73$0.006190 CAM/OE - Snow Removal$0.15$0.156200 CAM/OE - Storm Drain$0.11$0.116220 CAM/OE - Trash Removal$0.25$0.256250 CAM/OE - Water & Sewer$0.15$0.15$5.90$5.17No fire MonitoringReduced Snow RemovalReduced TrashReduced Water - No irrigations

As I ran into successful real estate investors in my own market, they all told me that I was "doing it right".I can't say enough about Cam.