In Washington state right off the I 5 corridor .. my land partner got into contract for 65k ( infill lot that could handle a duplex or two units) put it on the MLS ( which is how you get top dollar) sold in 3 days multiple offers for 110k netted us 100k so 35k net profit .. which I have a formula to split with the acquisition partner. ( PS its always more to them than me) but bottom line if you can fill your pipeline its easily a low 6 figure to mid to high 6 figure when you have a capital partner like myself.. or someone else.. does take a fair amount of capital though usually 500k to 1 mil in cash to make that kind of money so thats where we come in.

Does the down payment and income requirements make it difficult for first time or low income buyers?   

It would depend on these numbers as there are opportunity costs for not selling the house.Since you have a lot of equity, not doing a cash out refinance could be costing you more than keeping the low interest rate. 

Currently:- I'm pre-approved for $275,000 but with my credit I think I can bump that up to around $300,000- Have $10-15,000 I can put towards a down payment or renovations- Have access to the VA Loan- Am saving approximately $1000 a monthCurrent Strategy?

It is not a highly desirable place in Indy, it is more of a low C/D area.

My mortgage broker is telling me this is an up and coming area that is low risk, high reward potential. 

Or can I transfer the money directly from the line of credit to the lender for the down payment?

Hey Anthony, Lots of opportunity for low entry multis in PA.

What is the best criminal/credit/eviction solution that I can use to check people’s background?

I've found a couple very old posts on this but would appreciate feedback from any current Buildium users that use credit cards for expenses.