@Joseph DiBernardo, the investment strategy of renting by the room can meet the 2% rule (Atlanta, GA specific), that being said, it's a risky model and usually not advised for newer investors.

I guess everyone has a start somewhere.I want to apologize to the world, bigger pockets and humanity for not being a perfect all knowing human being.I shouldn't have asked for the expertise and advise from more experienced people. 

Since we own some of the surrounding rentals we already have actual comparables to ground our model.

I have looked into doing a syndication-type model but that won't work as of right now.

Please feel free to share your expertise on location.

On the other hand, I was also thinking todays business models are not based on ethical systems and the line between ethical and unethical has never been more blurry.

Jerry was very flexible in terms of making changes as the project moved forward as well as providing his expertise in both design decisions and offering me multiple solutions to any issues that came up.The project soon expanded into a whole-house remodel.

The time period that applies to your score depends on the scoring model your lender uses when they pull your credit. 

All sorts of rehabs/conversions can turn a total loser into a cashflowing property. ...another example: I've built ADUs in previously unfinished basements, which turned properties that were $500/mo negative into properties that now cashflow 1000/mo ...the power move was rolling the construction debt into refis on other properties at lower rates, which more than negated the construction debt...in other words, I got paid to build the ADUs (these days, this isn't usually possible--or at least, it's a lot less likely--now that rates are rising...but who knows, rates might decrease again at some point...). ...Although certain rehabs/conversions can force cashflow, there is real skill and art to spotting properties that are good candidates for these types of rehabs/conversions. ...an effective rehab/conversion is often a lot trickier than HGTV would have you believe, and choosing the wrong property to do this can completely blow up the financial model.Another approach is to learn to find properties that have something that turns off other buyers, but which is irrelevant to cashflow, and irrelevant to your business model.

I trusted their expertise and agreed with the process.