I would recommend that course of action on the next house.Also some lenders are now willing to pay your appraisal fee at closing so you could have gotten that $515.00 fee credited back to you towards closing costs.

Of course you'd need to qualify for the conventional loan so you'd need your credit, DTI, income, etc. all in order as well.

We good credit and so that shouldn't be a problem. 

You have to join the credit union, but so far they are allowing HELOCs on 3 investment properties that I have to move title from my LLC to my personal name, then will move back to LLC after closing.

I am in the process of refinancing my building and getting a line of credit.

@John Beck your best bet is to start with local banks and credit unions who know and understand the area. 

@Amra Mujakic and for reference sake, my timeline was based in Florida's 63 credit hour requirement.

The security deposit covers borrowers credit check and basic administrative costs before the loan transfer will be initiated".Any thoughts on this maneuver?

So you open up a new bank account in CO, and give someone you know in Colorodo ATM authorization to use your debit card and put a prepaid amount on there for them to buy groceries each month as a tip for doing you the service. 

I am wanting to get into real-estate but don't have the best credit...