WE dont pay a fee for the credit line as I mentioned just 1/2 point for each new loan..

The major issues come to play as James pointed out when there is lack of disclosure to the seller and a note does get called and puts them in a terrible position.

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.

Am I getting greedy to ask for an additional seller credit at closing to help offset some of repairs needed?

Once you start processing the credit/criminal, the money is spent, and you can't get it back.

There are many ways to attempt to collect your loss:  file a small claims complaint against them; get a judgement so you can garnish future wages/bank accounts - and the judgement will be recorded in the credit bureau. 

I've reached out to the gentleman that owns the large PM group in the area to see if he knows of any smaller PM that I can connect with and I also messaged my credit union to find out what my best options would be.

I used a personal line of credit of $8k to invest.

I don't think he would allow someone that had to put the fee on a credit card.

After communicating with a prospective resident (Google Voice #, usually by text), with just a name, telephone number and email, the applicant can pay $55 to provide us with a background, eviction and credit check.