Ideally I'd like to find a LINE of credit of some sort.

It's not that I was in physical threat or anything, but I was just worried that I've never been in a low-income area, and I feel that I'm not prepared for the task.

I prefer local credit unions & State banks.  

Your credit has to be above 580 for 3.5%.I would be careful when tapping into your current property's equity.

If you "jack" the rent up (even if you find a tenant willing to pay it), typically the appraiser will not give credit for additional value above and beyond what market rents would determine.

Since you allow people people without the credit or means to buy.

It's some questions that most hard money need to know.1) what's your credit score2) how much cash are you bringing in?

Side note: They said they have a 800 credit score and are currently paying more a month. 

Do I need him to sign one after every closing or just once a year when preparing taxes?  

I past the test first try, and credit the hundreds of practice questions the school provided.