I am used to the desert life from living in Las Vegas.

Up til this point, I have been using commercial financing, that involves 20% down to purchase the property, then I am using a HELOC and a BLOC to do my rehabs.

I understand that my score would initially go down b/c I am using more than 75% of my available credit, but once it was all paid back off, would my score go back up to it's original level, higher, or lower?

Cost for the ones I am used to working with are more like $650 and up to purchase as a heads up. 

Blanket statements like the one below are just amusing and blatantly wrong.

Even I am using the HAMP guide program to negotiate with my mortgage lender for a loan modification.

I am using a property manager so not sure if that counts as collecting rent from her directly?

Update, found a duplex for 87,500 and am using my HELOC to finance the down payment.

Is his advice just bookkeeping or will it mean I can't deduct my mortgage interest and expenses if I pay from personal when it comes to taxes with the system I am using.  

As I am thinking about trying this strategy I would need to estimate the total rent so that I could make an offer based on COC, IRR, Cap rate, or whatever I am using.