Conventional loans do not typically require residence.You just need to make sure there is NO pre-payment penalty for paying off the loan early.Also you will need all the repair money and carrying costs available in cash/credit. 

I do not want to take a loan on it due to I will be paying more interest vs equity line of credit.

I want to be prepared to answer any objections like avoiding a huge tax bill or loosing his monthly cash flow.

For those of you who frequently use these loans, how do you mitigate the risk of needing to refinance in 5-7 years, but not having any idea what interest rates or credit availability will be like at that time? 

By that time, cash is the king and credit will be tight. 

Seminars are very, very valuable...Just ask the person collecting your debit/credit card number to sign you up for the program.

You get a private loan for $100k and charge $20k for rehab on your business credit cards.

Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O than wholesales the wholesaling thing u need to know people u can sell to quick or if u know how long it takes to build a score thank you 

Most buyers with strong credit end up with better loan terms through the conventional program. 

@Kenny Szymanski  A private loan usually wouldn't show up on your credit report.