I am working with a lender that can liquidate credit cards for 10% to use on a down payment on a Tri-plex.

We have a set limit that we have for credit ratings.

this will help with the administrative tasks (e.g. yearly 1099, pay off statements, accounting especially if the borrower pays faster) as well as helping to provide a 3rd party proof of non-payment in case you need to foreclose.Be sure to use an attorney that specializes in Notes, not necessarily a real estate attorney, to draft the paperwork and protect your interests.Good luck.

Additionally, be sure to have a solid business plan in place to present to potential lenders.2) In addition to a construction loan, you could also explore other financing options such as traditional mortgages, lines of credit, or even private investors.

You also cannot refuse to rent to someone solely because they are a Section 8 voucher holder.Screening tenants: While you must accept Section 8 vouchers, you can still screen tenants based on other criteria such as credit history, criminal background, and rental history.

The downside with Heloc is that the rates are in the 12-14 and its not fixed as they are adjustable like a credit card.

Unless you live in a state where deposits have to be kept in a separate account (google) I would open 1 business account and a credit card for the rental property. 

-Finally, go with the highest credit score possible.

If you have no track history I would park most in a high interest savings account or in a passive vehicle.

@Felicia Walker, while I have limited experience using lenders on flips, I will say my experience mirrors yours: some require very detailed reporting of costs of completed work, some are a little more "general" accounting.