Monitor your credit worthiness as you are paying down CCs and when you can access the $40 then you can use it modestly to purchase one or two more properties near where you want to retire.4.

Actually your tenant's credit worthiness will likely be more important than yours.  

I think credit worthiness, net worth, experience with similar asset class plays a role as well.. being weak in some areas adds liability to the lender and may raise LTV or interest rate..

@Dean I. are you sure that running some income through an LLC will make the LLC credit worthy?

Depends.You have to be credit worthy in the eyes of a lender with most strategies.

They outline a variety of factors that can influence the credit worthiness including:Strength of Social networkPhoto contentLocation SharingLevel of connectednessQuality of friends and professional networksJobs listed within profilesWillingness to participate in financial training or trackingIdentity verificationWe work with a lot of payors that do not have any type of credit score or minimal histories. 

@Cara Lonsdale  Thanks for the input, yes, I do want the credit history, but I have a hard time objectively determining the credit worthiness of the applicant hearing a list of the credit information over the phone from the property manager. 

Once you become a big player with dozens of transactions under your belt, banks will begin to look at your overall business, business credit history, and business cash flow to determine credit worthiness. 

A Hard Money Loan refers to a TYPE of loan, while a Private Mortgage Loan refers to where the money is coming from.A Hard Money Loan is a loan based primarily on the value of an asset being put up for collateral; and only secondarily, if at all on the credit worthiness of the borrower.A Private Money Loan is a loan where the funds are provided by private individuals, sometimes banding together in a fund, and not from institutional sources.So a mortgage loan can be a Hard Money Loan but not a Private Mortgage Loan; it can be a Private Mortgage Loan but not a Hard Money Loan, it can be neither or it can be both.Hope this clarifies it.

There are a plethora of reasons a recession could come about but if you're only staring at a chart of credit worthiness of borrowers, you're sure to miss it.