Furthermore, with private investor money on the line, even in the event of a loss, I personally make sure my investors are paid, so BK is out of the question for me and for others, it ruins their track record, their credibility, and their credit score and history.I have never seen a contractor mistake put him or her out of business.

Sometimes I get credited for the option fee at closing or not.

I was thinking of either selling it or taking a line of credit on it to buy more properties and still rent it out without any cash flow but I will still have the property.

The lender is who really drives up the price.You also get a credit for property tax at closing.

I have the 3.5% down as well as the credit score but am being declined due to high DTI.

If you have great credit and good income, you could borrow money on a personal loan, remodel the whole building to increase value, and then refinance to pay off the personal loan.

(As I am in the process of repairing minor credit repair). 

I have not typically seen banks issue out lines of credit to new land lords because of the risks involved, especially at low rates. 

Hi Dilip,My favorite is Meriwest Credit Union.

There is still a list of credit unions and banks I can call, but was wondering if someone could give me a few more options to move to the top of the list.