My credit is full with our house and school loans, and my husband just started to get credit a few months ago.

Just think about it, and be prepared to answer the question, why should I be your mentor?  

He put the down payment on credit cards and closed in May 2016.

I asked for references which he DID say they would send me but not after sending them my credit reports and getting approved first for their lending.

So as most people, I started buying property the tradition bank/ conventional way, with personal credit and guarantee. 

Most likely a smaller regional bank or a credit union. 

but that number does not go up exponentially as you grow your portfolio.Ryan these deals are not rare and are not going any where be fully prepared before you jump in... in non appreciating markets or small appreciation markets if you need to wait a year or so to be properly capitalized your not missing anything...

The only folks dodging all the LLPAs are folks with good credit putting 40% down for a primary residence they are purchasing that is an SFR.

Hi Ming,I was going to use a home equity line of credit for the down payment.

So, with a foreclosure 6 years ago, hence still on credit, what are the best options for getting equity out of a rental house that currently has no mortgage?