If Don fails to pay, the bank will certainly go after me, it will at least ruin my credit and will likely take me to court.

I'm new as well congratulations on you're first property me and my fiance was going to start a real estate business but she has cold feet so i already have a LLC she the one who has the 820 credit score and I'm getting mine back in order we both have one property each i just loss my contract for my business so I'm thinking about using the equity from my home or turn my home it a bordering house just need some mentoring 

You could see if a local credit union or community bank will give you $20K.  

Since I'm a new immigrant with no credit score, a DSCR with 30-35% down payment is my only option, so the 50K need to include that down payment alongside all other costs (closing, rehab, etc). 

Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.

I would say the average when you’re starting out is 30-60 days to get your first check or wire transfer.DO I NEED CREDIT, AN AGENT, OR A MORTGAGE COMPANY TO WHOLESALE?

He sees me as a dreamer, and not a doer, which to his credit is kind of accurate.

No matter your level of experience, credit standing, or financial resources, Property Investment Funding, LLC is eager to partner with you.

Did you finance this deal with a local bank or credit union?

4) Finding a rental application to use - you can use Zillow's (but incomplete) many realtors require NTN credit check, background check and rental history.5) Figuring out how to screen applicants ***** This is IMPORTANT!