Credit cards have the same limitation on the amount you can borrow and will likely end up costing more than private lenders.

If the tenant becomes delinquent and stops paying rent, Rhino will insure their full $1,500 SD plus an additional nominal amount to offset the losses incurred by the landlord.

You also have to factor in time limitations.

Additionally, his credit is not the best, and he has limited funds for a down payment.Any potential options or solutions that may be available?

The “methodology” the guru presents either isn’t all that profitable, isn’t as simple to enact as he suggests, and or works only with certain limits as to economic climate, geographical area, etc.2.

Augustine city limits?

I have a STR in the Sullivan County and have been looking for a cleaner but the options seems to be limited in this area. 

3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

If so, is there any red flags such as rental restrictions, limitations, etc.