That means you need to know what kind of financing you can get and what the terms will be. many investors hear about homeowner terms and thin they can get that because they have good credit. 

The original owner loses his house and his credit is ruined, you lose your down payment and owe the lease to buy guy all his money.

My background into RE started when I began working as a commercial credit underwriter for a bank.

We have good, not great credit, and a decent amount of savings that we're hoping to continue to increase.

Depending on your credit, I think you can get below 5.5% on a mortgage.

Does anyone know of credit unions loaning to investors at 10% or 15% down in Indiana?

I have great credit and this will be the 1st property I purchase ever.

House would be around $150,000-175,000I have a great credit score.

There would be no refinance in this situation since there was no original financing to begin with.As for the credit cards, to get a single card with a 20k or more limit would be based on your credit history, but American Express has been known to be generous with initial limits and credit limit increases after 60 days of opening the account and then 6 months again after that.

The benefit of going solar at the same time as a roof replacement is that the Federal Tax Credit (currently 30%) applies to the roof as well as the solar system.