Also since you focused on my credibility… I think it is a bit funny someone who joined the real estate world not too long ago and only been in the entrepreneur world 3 years questions my credibility.

I’ve been down that road of carrying a line of credit on a property before, and the stress can realy pile on when you’re staring at that monthly interest.

You can use it as a downpayment on a property over $450k and use leverage tax free.

Now I'm wholesaling mobile homes on land and in parks. 

I've completed the Credibility course and am just getting started on the SEO.

Not really sure how to go about financing but we're planning on having a down payment at or slightly above $100,000 and don't want to pay more than $3100ish per month. 

@Vinny Muli - it is VERY hard but not impossible to get an equity line of credit on a non owner occupied property. 

I flew there and walked the house, looked pretty turnkey rental grade): $1029 GFCI outlets, downspouts and guards, drywall, paint, bathroom vent$4615 (new AC unit since unit was stolen before tenant moved in, didn't file insurance claim because didn't want my premium to go up) $600 (water line, gas line, P trap)$60 lawn mowing$112  thermostat repairMy opinion is that Class C is better for local investors who are on site and know how to do repairs and self manage.

Sounds like he was feeding you a line of garbage. 

On its face, this is a scam.