Otherwise you would be looking at large down payments using non-recourse loans which in and of themselves are difficult to get.Once you establish a good banking relationship with a local bank you may find it could get easier.

As far as I know there's not an established investor community although a lot of people build apartments on the lower level of their private homes.

The only other risk is that the HELOC interest rate might rise, but this is offset by the lack of closing costs when it is established.

The greater your net worth the more likely someone will try to take it from you through a frivolous lawsuit.Once your business entity structure is established by that, use it to acquire properties in a business rather than buying them yourself.To avoid being the target of a lawsuit the rule is: control everything, own nothing.

Now if you could get a loan for the credit card amount at a lower interest rate then ya, but getting more debt on a gamble to maybe save 100-200/month to pay off your insane interest rate CC doesn't seem like something i could ever do.Granted everyone has their own situation and not any situation is the same but based off what you have said soo far, even paying your credit down now, you are not sure how long your single income is going to last for so you will probably be using that Credit card and accumulating more debt.

I have been re-establishing my practice over the last few years.

Do I have to have an established business with EIN and all to qualify for a commercial line or commercial loan?

The time has come to really establish our image.

I established my screening criteria which is multi-families listed between $10K-$20K as I’m looking for cash flowing tenant occupied properties that require little repair.

Within the next five years, I want to be established in such a way that insures steady income from my real estate investments.