This is in an older part of town where rent is not very high, but I think I can bump it up to $550 for each unit.Rental Property Cash Flow Analysis[Property Description]Monthly Operating IncomeScenario AScenario BNumber of Units7 Average Monthly Rent per Unit495.00 Total Rental Income3,465.00 % Vacancy and Credit Losses5.00%Total Vacancy Loss173.25 Other Monthly Income (laundry, vending, parking, etc.)

If their credit is good enough they can use a conventional loan instead of an FHA loan.

You got credit for it at purchase.

I would definitely tighten up your credit score and debts as much as possible.

I expect my largest obstacle will be my credit score.

We have a very high credit score and significant assets.3.)

I've been trying to get a home equity loan or line of credit and have just been told by one lender that I must have made 6 payment on my first mortgage since I refinanced. 

Can I just apply for a EIN # using my name and my SSN # to get a business bank account and business credit card?

And about 35,000 of that was on a credit card..

I've come to learn that they have about 15-20k in appreciation that they want to take advantage of in order to pay off some credit card debt.