I think I have minimized my risk by purchasing it out right and then testing the market for what the property will rent for to further prove my numbers for purchasing additional houses in the area.Once it is rented I am going to work on either refinancing or getting a line of credit for the purchase of the next house.Hope this helps any new investors who commented on my thread. 

I'll be using my home equity line of credit to get started.

I'm in Warrensburg  Missouri, have a great job and over 800 credit score.  

This one is easier as there's natural gas lines and I can just convert it over but still pricey ($5-7k)The seller doesn't have the funds to make the repairs so I'm trying to find a way to make this deal happenWithout getting bids, I'm estimating about $15-20k for rehabbing these items (FEEL FREE TO TELL ME I'M WAY OUT TO LUNCH)....this is on top of the $5-8k I budgeted to put into the interior.I'm not a flipper and was looking at this as a buy and hold cash flowing property.Looking where to go with this one:A) Reduce offer by $15-20k to $155k- Cons: I'm going to have to find a loan as I need my capital for other purchases in the hopperB) Reduce to $160k and get $5k in closing help- Cons: I'm still going to be out of pocket but b/n closing help and reduced downpayment would be able to get most of the work done and just put the rest on a credit card and use the cash flow to pay it down over the next 12 months.C) WalkD) Other options???

It's hard to believe that in 2021 Stessa was the only one that would connect and download my credit card transactions.  

All of this talk about “recession” may start to turn into a self-fulfilling prophecy—— so curious to hear idea’s regarding credit lines... and what to do if they freeze on you!

For instance maybe the seller will only give you $500 credit?  

Other investors wanted a 740 credit score with me using my own money to kick start the project as well as 3 years bank statements, 9% back, 4 points, 100K in the bank and so on and so on.

To add to the good information you already received, if you can qualify for a  traditional bank or even credit union loan great, because your rate, fees, and terms will most likely be much better than a hard money loan. 

If you have good credit and 2 years of working experience and income, suggest you talk to a loan officer.