Also the money has to be seasoned, meaning in your account for at least 3 months before being able to use it.

There would be no refinance in this situation since there was no original financing to begin with.As for the credit cards, to get a single card with a 20k or more limit would be based on your credit history, but American Express has been known to be generous with initial limits and credit limit increases after 60 days of opening the account and then 6 months again after that.

I would say that your going to want at least $10,000 in reserve in case you have to make a major repair, have to pay the mortgage if not all the rooms get rented, and expenses you didn't account for. 

If your accountant will do that you should be OK.

At the price point and what it brings in for rent, I think it may make more sense as a live-in flip than a rental, so want to leave my options open after the next two years to likely sell it.The neighborhood its in is one of the more historic, high end in its market. 

With the amount he has in his account and no mortgage he should be able to handle vacancies and repairs, this is a valid point, reserves are essential. 

I went in with the question can I consolidate all of my accounts and use that as collateral towards the purchase of a property. 

I would account for all possible expenses.

Account Closed Thanks for the reply. 

Account ClosedThanks for the insight.