Even if it is not a requirement to have a high credit score for approval most asset-based lenders will use the credit score to determine your rates and terms based on your risk factor.

Most of the time, they make you decide the pre-payment penalty based on a range of interest rates they offer.

Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision

Research Neighborhoods: Investigate areas with good schools, low crime rates, and growth potential.3.

The nicer domes in the areas I've looked at are netting $200 - $250 a night in areas with a 60-70% occupancy rate.

I was wondering if buying a long term rental property with tenants already in place in a market that is up 20% yoy is a good investement or not. the rough numbers ive been running seem to have a decent cap rate but the house is about 15k more than the zipcode average. 

They could be carrying credit card debt at a lower rate than other debt that they want to pay down faster.

However between discount at purchase, value add, and appreciation is up ~$700k in 2.5 years.  

You can take out an equity line or fixed rate second on your current primary to contribute towards the down payment of the 4plex. 

Then I'd repeat that process to finance my next BRRRR and so on.What are int rates on HELOCs right now?