And if you want good tenants with decent credit scores and high income they are not very likely going to be paying top dollar rent in the "rougher part of town".

I hope to receive the historic Federal and State tax credits.

Why would you ignore that while putting all your eggs in one basket.I would put $100K down on a 2-4 plex, $100K into 3% CDs and gold stocks to weather this trade war storm (2018), and put the last $100K into my own business as a LLC that could be used in Year 3 to play in commercial real estate (5 units or more).In the mean time shoot for a 80+ business score and 720+ personal credit score while seeing if we're heading into a recession.

720+ credit score for 4 units or less and 80+ seasoned LLC for 5 or more units.Hold off on tax write offs on the rental two years prior to financingso that you can maximize your net income for the loan.

You do need the cooperation of the owner of the property and the willingness of the note holder.

I was told by a realtor friend that you can put as little as 5% down on a conv loan with no PMI if your credit score is 720 or over.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

Just some additional info about me: I work a full time and part time job, I have a 6 year credit history, I’ve never missed a payment and I have a good credit score.Thanks!