Now, is that equity mine, and would I be able to use it to get an equity line of credit ?

My question is about renting.When you advertise a unit for rent, do you charge an application fee & have them perform a background/credit check prior to seeing the unit?

What does it mean when a counteroffer says this from the listing agent: "Buyer shall be credited $10k for escrow fees and other fees."

Once you accept someone with a so so credit or start turning a blind eye to things that pop up on background checks or income requirements, what you do for one you must do for all. 

Why not re-offer 350k with a 100k seller credit (for example) and use that credit for down payment and closing costs when appraisal comes in at 370k like you feel confident it would.

Before I had not the credit nor financial means to embark in Real Estate, I'm in a much better position now.

The IRS has 30 days to credit the taxpayer account after they’ve received form 3115.

You may get a better rate, but its not worth the risk, IMHO.For fix and flips you need to use hard money, a construction loan, or a line of credit of some sort.

@Jason DiClemente I think you're being too generous about  them not caring about personal DTI. as a first multi and not much history, personal financials will be an important factor)-credit score doesn't get whacked too bad after your credit utilization goes way up-have 6 months of reserves, and maybe more -property is profitable to support both debt servicesthen you can probably knock this out.

Try Alliant or Aspire Credit Union .