Income and credit play a part, but not as much like a conventional lender.Get a HML, fix, flip, repeat.

Your options would be a cash out refi, or a HELOC (home equity line of credit).  

You guys could do a Cash Out Refi or get a line of credit against the property.  

I know we need to setup a separate bank account from our personal finances to run our rental properties business, but not sure if we should go through a "big bank" or "small bank"/credit union.  

I've got great credit and great income.  

i need more information in regards to your credit, experience and liquidity.

I feel bad if people pay the $15 credit check so I only do one applicant at a time.  

At this point, I am prepared to invest $30-40k for a downpayment and torn between and still learning about 3 options - rehab/flip in San Diego, turnkey cashflow investment in Chicago/Indiana, Out of state rehab/flip.This is really an incredible forum looking at the "ready to share knowledge" culture which further emphasizes in my mind that real estate is really not a zero sum game...I look forward to connecting with folks here...

I give you credit for stepping out like this.

With my current financial position, the properties need to have at least 1.2 rent/value ratio or higher, be 75% of value, and $150k or less. if the numbers work out in the near future, i would like to start using hard money lenders for the down payment and closing costs on the properties, and purchase them traditionally. i would like for these properties to also have a 1.0 or higher rent/value, and with my current credit i can get approved for around $150k-$200k, so the property would need to be below that. once i fill up my 10 allowed traditional financing properties, then i would go hard money lenders for down payment / closing costs, and private financing for the long term. by that time though my own portfolio should be able to provide down payments in leu of hard money. your comments and positive feedback / critizism about my strategy going forward is appreciated. i am a brand new real estate investor, finishing up on my first hard money/refinance acquisition now, so im just getting started and looking to grow the portfolio quickly. thank you