I am dealing with the same feelings you are, except, I've been reading for a few years =) My main focus is educating myself and working on my credit because I feel as though investors wouldn't take me serious if they see my credit was all over the place. 

I'll want to separate my personal and business expenses from the very beginning and I will be opening a business checking account and business credit card to help me do that.

., try this: https://www.biggerpockets.com/blogs/8121/51415-pro...They have deleted this on me before, they told me it had too many links to an outside site, like i was promoting it, i removed the links but left one recognition of who the author was, because i'm not taking credit for something i did not write, and yet they still delete it from the blogs, but it is on my list of blogs .

I think the main thing about the contract is that it applies to your area and is legal for your area.

If I apply for the conventional loan and get pre-approved I can avoid missing a deal, but I am concerned I will hurt my commercial loan application. 

Whether you use an Equity Line Of Credit, or private loans, there's no escaping the hit your current cash flow would take!

My renters would really like to buy it but her credit isn't quite good enough for conventional (620ish).

Martin ,,the other thing is folks that get scammed are usually quite reluctant to post about it.. one they don't want to be embarressed that they sent 500.00 to that nice person on BP who promised them a private money loan at 5% interest for 30 years with nothing down and no real credit.. this is RAMPANT on all social media from BP to Linkdin to Facebook.

I applied for a mortgage through a broker shortly after getting it fully rented. 

Would vacancy rates for an area with high owner occupancy be larger than an area with high rental occupancy given that: Increased competition can lead to higher vacancy rates (in the case of high renter occupancy)Low demand could also lead to high vacancy rates (in the case of high owner occupancy)The two neighborhoods that this information applies to are within a few miles of each other and most other demographic information is similar across the board.