Listing - https://www.zillow.com/homedetails/428-E-Union-Ave-Bound-Bro...

Hello Everyone,I am Collin Reichelt and I am a military officer with over 20 years of  service in the U.S.

A lot of people think 20% is the standard only with certain lenders and Credit Unions. 

Many military families that move to Moore County NC (Pinehurst, Whispering Pines, Carthage, Cameron) rent a place for a year to see what it's like, and find out more about what area they really want to buy in....maybe move somewhere and rent 1-12 months to get a feel for if you want to buy/live there.Find a good real estate agent in whatever area you decide to buy in. 

If you do opt for a HELOC, I'd consider starting with LA Federal Credit Union and getting a few quotes from other local lenders.

Ensure 90% of tenants meet preferred criteria.Target Audience:Ideal tenants are clean, responsible, and sociable single professionals, students (with co-signers), and military personnel.

Once you take it out, you stop banking with your normal bank or credit union and you now redirect all your income / deposits into the HELOC.

It depends on your “ideal tenant” and strategy once you PCS.Would you be looking to rent to single officers going through training, military families with children, medical corps personnel TDY to Ft Sam Houston for several months, maybe even an AirBnB near Lackland, etc.?

Local credit unions, big 5 banks, regional, everything in between.

A few things I've learned are: 1) Banks/Credit Unions like to see 2+ years in business at a minimum, 2) In addition to your FICO score, they also like to see business revenues via tax returns, 3) They sometimes build their credit decision off of a % of your business revenues (i.e.