Credit limits are based a lot on income and your ability to repay the debt. 

It provides you the ability to do a comparability test to other similar buildings.

Did they charge a card for the total, or did they just send you a bill? 

Its those that cannot afford it that really need to get a reality check if you have limited capital no experience and no borrowing ability .. then your destined to fail.. some will make it but 95% will not be doing this a year from now. no matter if you learn for free on BP or other on line educations and podcast.. you must create knowledge and a base for yourself so you have the ability to succeed..

Since first meeting Mindy at FinCon a few years ago, Josh and I have always been impressed with her knowledge and ability to communicate it - plus her willingness to help others. 

Theres a deal out there for everyone, you just have to be honest with yourself and aware of your needs, abilities, and your limitations.

I enjoy it and its a pleasure working with several thousand assets based on my funds ability to consummate trades after building relationships for 30 years...

If there is a minor repair that is needed we need the ability to act on it immediately and on the back end pay our vendor as soon as we receive the bill. 

My goal is to achieve a solid passive income to allow for the possibility of early retirement and for the ability for my fiancee and i to be able to work shorter hours once we have kids and as they grow.

Having a high net worth but no actual income hurts your ability to get a traditional mortgage.