.)~ If the LOC is from a traditional bank, do they also require you to have a checking and/or savings account with them? 

Here's the dilemma, should we do traditional financing?

Also read Rich Dad Poor Dad if you haven't already.

Rich Baer, Esq.

There are also smaller scale meetups available on meetup.comHere are some great books that I have read and have provided some great insight not only in Real Estate, but also in life.Ultimate Beginner’s Guide – Here on BiggerPockers under “Education” then “Guide”Millionaire Real Estate Investor- Gary KellerRich Dad Poor Dad- Robert KiyosakiReal Estate Advantages– Sharon Lechter and Garrett SuttonThe ABCs of Real Estate Investing– Ken McElroyThink and Grow Rich– Napoleon HillThe Seven Habits of Highly Effective People– Stephen CoveyHow to Win Friends and Influence People– Dale CarnegieE-Myth- Michael E.

I've also been reading alot went through rich dad poor dad, richest man in babylon and now I'm on think and grow rich.

Rich Baer, Esq.

Although I'am not a lending proffessional, if you would like a referral I have lender who is familiar with sub-prime and non traditional lending, he may be able to offer a solution.

I've read Rich Dad, Poor Dad and really liked the meaning behind it.

I'm an equity investor so instead of credit scores and payments, I buy ownership in the project - a great alternative to a traditional hard money lender (and also how I did my first no money deal).