Oregon is 10 in the country for fewest defaults and highest credit of borrowers for homes.. wholesaling would be extremely hard without major budget and you defiantly need to be licensed to sell property you don't own.. state will get all over you if U try the tie it up put it on craigs list or have a website or blast e mails.. one complaint and your toast in that regard.. you need to have your financing lined up so you guy then resell.. flipping is alive and well.. but again much much bigger dollars involved than in GA ( at least most parts of GA... its like working the expensive parts of ATL price wise.although you can still flip in the high 200 to mid 300 range but there is virtually nothing at or under 100k to buy .. lots sell for 100k and over.. rural Oregon will have cheaper properties but much harder to sell with lack of buyers.. but one thing is for sure  if you do a nice job on a flip and price it right it will sell in 2 to 4 weeks at full price and you don't have to worry about folks getting loans and such.. this is not a credit challenged area like much of the deep southas for paid trainers there are good ones and there are tons just selling rehash of those that came before them remember there is not very much that's secret or knew in this industry other than tighter regulations and most guru's are not worried to much about tighter regulation as it cuts down on their conversion rates to the mentor programs as noted above.

I'd like to up my LOC some or re-do the line of credit on one of my other properties so it is off my personal. 

Also, how do you research if the property owner has a 2nd mortgage or Home Equity Line of Credit? 

Arthur Voskanyan  A cash out refi is generally a first lien 30 year fixed rate VS a HELOC is 10 years interest only second lien with a variable rateRates depend on the loan amount, your credit, if you occupy the property, the loan balance, ect @Chris Mason should be able to provide you specifics

Below is the break down...I am not using exact numbers here just ballparking.Purchase Price: $600,000Owner is willing to finance half with half downHere is my question:Can I get a credit back at closing with a commercial loan?

We used a private lender to buy the other house  because we have bad credit.

In addition to ensuring there are no legal issues clouding your ownership, that will also give you six additional months to clean up your credit score and also to establish some work history.

I paid cash and am going to refi cash out with a local credit union once it is fixed up and leased out, then buy another house with the $$$.

I am three months in to looking at properties, finding one, negotiating the deal, getting under contract, clearing inspection items and seller credit, getting the lender appraisal, etc etc.

I have thought about pulling a HELOC on my moms house for roughly about 40k and using that to purchase a deal via a hard money loan to rehab, rent it out & cash-out refinance. 700+ credit score.