What are some companies that buy these loans?

I am planning to get my first investment house; I don't want to use my savings, so I have an equity line of credit for 50K and got pre-approved for a loan up to 300 k? 

Would be looking for between $600-700k on a new loan to pay off our current line and have free cash to continue to scale. 

That's a high risk loan, and they will charge you for that risk -- something in the 8-9% range currently.

There's a ton happening in the city and folks are finally starting to catch on.Detroit was also the fastest appreciating market in the country the other month, so it's clear folks are catching on!

It's definitely not a final deal yet, but I wanted to see if anyone has general gauge of the rents in the area.

Two major factors: the fact that it's so small and the associated loan amount. 

I've been interested in investing since about August of last year, and I finally decided on my avenue and my target markets around mid April of this year after getting over some analysis paralysis. 

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So, when you say they not do report on your personal credit report I guess you are talking about non-recourse loans?