Also, try Dennis Kahn at Homestead Mortgage.Fort Community Credit Union can do second lien HELOCs on investment properties.

@Kelly O'Keefe For more context, we have a business checking account which we have made capital contributions into, and we have put the business expenses on the business credit card and have paid that card off from the business checking account. 

Here’s my problem: everyone keeps telling me it’s business and I need to send her to collections, but I struggle with the idea of pinging her credit and her not being able to find a place to go for her children.

Once you identify another property you can take out a home equity line of credit on your existing property to use as the down payment for property #2. 

The only known situations where I was ever required to pay a loan fee upfront before funding is with my commercial lenders (banks, credit unions, etc.) on our 5+ units.

4) Outside of the deal itself, what other considerations relative to the investor are you taking into consideration (i.e. track record, credit, etc.)

In your state is there a $500 customary credit to buyer for waiving disclosure like in NY and I think CA?

This is an average condition house for the neighborhood and area.I have set my screening requirements as:600-650+ credit score3 times monthly rentNo evictions, violent, or sex crimes6+ months of job historySome form rental references.I have an applicant who meets all requirements except I am unsure if he will have rental references because he told me he's couch surfing right now.  

@Braden Jackson WOW...great plan and good position to be in.Lots of different options depending on what you want to do and I would also think your credit score is a huge determining what loan you get.#1...probably right now you best bet is to buy a 4-5 bedroom if you can and rent bedrooms.

Thank you that tip on the magnifying glass.