I'll want to separate my personal and business expenses from the very beginning and I will be opening a business checking account and business credit card to help me do that.

., try this: https://www.biggerpockets.com/blogs/8121/51415-pro...They have deleted this on me before, they told me it had too many links to an outside site, like i was promoting it, i removed the links but left one recognition of who the author was, because i'm not taking credit for something i did not write, and yet they still delete it from the blogs, but it is on my list of blogs .

Scott's book on estimating rehab costs in preparation.

I also don't want my credit to take a hit with all this loan activity. 

Whether you use an Equity Line Of Credit, or private loans, there's no escaping the hit your current cash flow would take!

While this doesn't mean that you shouldn't keep your eye out for other deals that are on the website, preparing for future deals puts you ahead of the curve from the untrained bidder.

We are also looking to purchase a second multi family at the same time which I am fully prepared to put 20% down as long as the initial duplex is 5-10%.Many thanks,Phil.

My renters would really like to buy it but her credit isn't quite good enough for conventional (620ish).

Martin ,,the other thing is folks that get scammed are usually quite reluctant to post about it.. one they don't want to be embarressed that they sent 500.00 to that nice person on BP who promised them a private money loan at 5% interest for 30 years with nothing down and no real credit.. this is RAMPANT on all social media from BP to Linkdin to Facebook.

Send me good deals, we can definitely partner up if I see that you have done research and prepared a good deal.