He is a retired police officer with his money in his credit union collecting maybe 1%.

Talk to your local bank/credit union to see what type of financing you qualify for.

There is NO WAY a prospective tenant can sue me for discrimination, which will not happen in my apts as I put in my own tenants.In my apts Here in Brooklyn, I have the world of all kinds of minorities and status, each of them I know very well and will stand up for my Character in Court.The diversity in my buildings are incredible and represents just about everyone.Also, because I provide them with great service and speak with them on occasions, anyone coming to my building who claims discrimination will be proven to be false as I probably already have that protected class in my building.The only commonality is that all the tenants meet a Qualification criteria of Credit, Income and other non-discriminatory criteria.BUT, I know that's not LL.

X mas cards go along way.

That way you are protected against rate increase.You are in a good position to refi the FHA to a conventional and get rid of the MIP.As long as you are reporting the rental income on your tax return, you will get rental income credit to offset the mortgage.

I had tenants sign a credit authorization form, sent an invoice each month and used my Square account which direct deposited into my account within 24 hrs

No credit is available, but yields are 10-14%.I'm curious about the general attitude towards these kinds of transaction from American investors and other real estate professionals.

So far in contacting local banks and credit unions, I have learned that credit unions won’t finance to an llc and banks are pretty limited.

I had initially planned to finance the rehab with cash and creative financing (lines of credit and such), and then financing it all through a bank.

I have no one to blame but myself for not participating in financial decision making, carrying credit card balances, being ignorant of our retirement savings and mortgage details, having no personal plan for my own financial future, and never creating a budget.