Should say $24,250 ($16,250 DP + $4,000 CC + $4,000 reno).

Purchase Price 182kRehab 65kHolding Costs $3,800Closing Cost 13kSales Price 335KProfit $71,200(Being a Realtor I earned roughly $5,500 on the commission when purchasing and saved 3% on selling commission which is why cc is so low) What made you interested in investing in this type of deal?

Before this new CC, I had a credit score over 700, will this new CC affect my mortgage application process?

Where are you guys getting your CC estimates?

I'm not a fan of consumer debt of any kind, but definitely don't apply for or open new credit lines of any kind while you are pending.Lenders will run a last sec re-score just before funding and even one little new card or furniture store line could sink your deal.Play with cc snakes long enough, you will get bit.

Here's one example: https://www.biggerpockets.com/forums/432/topics/598322-grant-cardone-cardone-capitalAlso, to give you my two cents: investing with CC is like buying Lexus.

welcome @JP NiebauerEducate yourself and maybe set up a CC account with your parents to establish a good credit history.

In my market you could nearly BRRRR in C/C+ class neighborhoods with that money. 

And this will only get you C+/C/C-, not B-.

On the particular property I described, it’s probably a B-/C+ building in a C/C- neighborhood(but the neighborhood is improving.)