Also, do you have properly recorded documents for the loan?

Technically meaning you can't run out to Home Depot and buy a new kitchen faucet with your credit card in an emergency.

There is a sticky thread about it.For lower priced houses, I also use the 2% Rule, which just says that the gross monthly rent needs to be about 2% (or more) of the acquisition cost (purchase price + rehab) if they are going to cash flow properly.

I would recommend that you run all of your required expenses through a cash back credit card but only if you pay the balance in full every month.

If it doesn't belong here, please put it in the proper place."

So you will want someone to verify that the electric was properly split while you are doing those repairs.

Unfortunately, even here in Ohio, anything better than lower-middle class simply won't cash flow properly.

It has to be heated up, in turn creates the voltage to keep the gas valve open and running properly.

If that isn't in the cards you should consult a CPA first, $8,000 is a lot to lose.

If you took out a small biz credit card with 0% interest for 12 month in order to buy things for a start up and floated the balance until you start making income to pay it off does it hurt your credit rating?