Credit?

For appropriate financial advice, do extensive due investigation on prospective investments and speak with a real estate attorney, accountant, or financial expert.Good luck!

Also I would try to account for the summer months and see if they are certain to commit to a 12 month lease.

I also put all of the materials for the project on credit cards (don't recommend) so I was about $30,000 in credit card debt before I finished and paid off my debts.

I spoke to them one time about a cash out refinance, and they told me the proceeds had to be kept in an escrow account for me to use for more investing, which I thought was ridiculous, so I went with CNB Bank instead. 

This is one of the few things Baltimore City Government actually does efficiently - probably because there aren't people in the loop.Log into your Baltimore City Department of Housing & Community Development online portal, click the "My Account" at the top and then "Permits & Docs" on the left side.

Heloc cannot be used as a PITI reserve and or as an asset which is required in underwriting when buying more REI.More tradelines on credit can also cause a scores to decrease and higher DTI through the bureaus reporting.

The cost of the rehab is ~$250,000 with estimated ARV of $1,200,000 and the total rent at $13,000, which would generate good cash flow.I make $100k, have really good credit score and ~$100k in savings.

They're targeting credit card companies, banks, hotels, airlines, utility providers, food delivery service, restaurants, auto dealers, event ticketing companies, and last but not least, property management companies.

David, rental income is passive income.Placing your rentals into an S-Corp usually doesn’t make sense from tax standpoint because you will be exposing all of the income to SE tax.If you have a portfolio of rental properties that you do manage yourself - you could set up a property management company and charge PM fees, this income will now be considered “earned” and eligible to contribute to a retirement account.