.#3.Maintain your total revolving balances below 20% of what you have availableThis one has the largest and most immediate impact on your scores.

I have a good credit score.

It doesn't matter if you roll them into some sort of blanket mortgage with a local bank, as it is all based on # of financed properties, NOT # of loans.Only if the property is held (both deed and mortgage) in a C or S Corp, is it excluded.See Page 230 of the Fannie selling guide (Nov, 2012 version) under the "Multiple Financed Properties" section.

If he has $15K in cash already and has decent income/credit score, he could get a loan to get the remaining cash from either Lending Club or Prosper (or both).

Difficult to give you an exact $ figure unless I have all the details including FICO scores DTI and income.Really depends on what your long-term plans are for the property.

First, make sure you get the property at a price that is good enough to wholesale to an investor.Put out bandit signs around the area, put ads on craigslist, etc...if it's a good deal it will go fast.Make phone calls to your local title companies and ask if they will double close.Find transactional funding either from someone here on Biggerpockets or on Craigslist...And put the deal together.... thats the short condensed version.

The digital version is free.

I would stray away from the FHA loan unless you have a poor credit score.

Our credit scores are above 750.

My understanding is that I have 14 days once I start getting hard pulls on my credit, in which all inquiries are considered for credit score purposes as one hard pull, so I might try to put off getting a pre-approval letter for a bit if I can.I don't have a real estate attorney yet, so lining one up is one of the next things on my list.Have I forgotten anything?