The reason I side tracked on law school was because I did not want to incur a large amount of debt, spend 3 years in school effectively allowing me to miss out on investment opportunities while not generating any income during that time period.

If you have good credit and tax returns that can justify the loans now, they may be able to offset this lack of experience, buying you time to use the properties as income for future loans.

He is versed in tax credits and project management- possibly property management. 

Will that full 20k balance be due the following month like a credit card? 

My capital and credit. 

I have had really good luck with Utah community credit union.

I'm told I should be looking at credit unions.

After working with Navy federal credit union, I was able to get approved for ~600k(1-2 unit SFR), 30yr foxed,4.5%interest, 0%down, and 2.2% VA funding fee which is wrapped into the loan. 

However, I know of some hard money lenders that will provide a line of credit after 2-3 successful deals.

During that time I’d also have the line of credit to pull on for repairs/vacancy/maintenance, and I’d have that line already established for my next investment.The second option is to put traditional mortgages on them in 6 months once the sale seasons.