YES, THIS METHOD IS A LEVERAGE CASH FLOW SYSTEM that can be created without immediate ownership that has great benefits to you as the investor, the owner of a vacant house with payments and to your assignee who probably couldn't get a deal due to past credit history ---- a win for all! 

If you are opening the LoC shortly before - or in tandem with - your mortgage it may not register on your credit history before the mortgage is awarded ... though these days such things are automated and near real-time, so there will probably be very little lag.Regardless, when you read the fine print of your financing application and/or the mortgage documents themselves there will undoubtedly be included a declaration where you attest the downpayment does not comprise borrowed funds.  

A lot of the properties I'm looking at are close to a college and have a strong rental history.

Sometimes its ok to be nice.Nice guys finish last in businessHer tenant history for the past two months says she is a criminal.

I recently went camping near Aberdeen and went to the city to check out its fame and history.  

@April Benard, as an investor who likes buying rentals with tenants in place, these are things things that I will be looking for in that purchase from the tenants specifically:rental history:  how long have they been there, how much have they paiddo they meet the 3x income rule.  

@Chris WaltersYou can ignore the debit card advise from John since here in Canada, you can simply use your bank card to make debit purchases (provided it has been activated for that purpose on your business account).Being asked to provide a personal guarantee or collateral for a business credit card is not uncommon when the business is new and has no credit history or track record.  

Predictions for 2016-2017 (worst economic crash in history?) 

As a result, criminal history restrictions on housing justified by a legitimate nondiscriminatory interest and is tailored … a housing provider’s blanket policy prohibiting tenants based on criminal history discriminates based on race or color.”Here is the rest of the story http://mynorthwest.com/425356/

We rented out a property that no one knows there is smoking history(even we did not find it out, sad.