If you make more money in cashflow from your rental than your current outflow it doesnt matter.

Additionally, it's possible that your money will be locked up longer than it would in an acquisition investment.

So anyway I had made a a couple private money deals and ended up with a house I owed absolutely nothing on and wanted to pull the equity from it.

I would say it is on life support because after refi the negative cash flow necessitates extra reserves.

I opened a business checking account, transferred money from my own credit union account and then was told the new business account was being closed and that the bank was holding my money for 60 days.

The fact that a company has money is irrelevant.

It's not allowable but it's also not a particularly large sum of money and presumably work you would want done anyways.

It's because most people don't understand how money works. 

They will move to a different home where the owner keeps up on maintenance, and you'll be stuck trying to rent a non-functional home or paying a lot of money at once to fix everything back up.Best practice is to maintain your property.

Does anyone know of any asset-based hard money lender that does not require credit check.