Yet credit cycles are still hugely destabilising.”

I’m just starting out in my real estate career and as looking into doing a lease option for one of my properties.From my understanding, rental credits are a big no-no, as it makes the deal a financing agreement with equitable interest.My question is, for those deals where the initial option fee counts toward the purchase price of the house in the end, would that ever be considered a financing agreement since they are pre-paying so to speak?  

My credit had dropped from high 700's to mid 500's after all the damage had been done.

My credit is average and I have about 13,000 in consumer debt.

I got a home equity line of credit and bought 5 or 6 more houses. 

I been doing rentals for nearly 40 years and have yet to credit tenants for this issue, and don't want to get into the habit of doing so.

The nice thing about Cozy is the credit/background check is really easy and the tenant pays for it with their own credit card.

Yes - HELOC = Home Equity Line of Credit. 

Think of it like closing out a credit card. 

I am getting ready to close on my first investment property and came across having to purchase 2 types of insurance in order to close on my funding from a fix and flip Line of Credit product.