I have no credit card debt or any other debt (ie car  payments, student loans etc).

I remember him reading Rich Dad Poor Dad and also having many properties in Mexico.

I am currently self-employed, have a down payment to invest and good credit. 

Hi Alfred,It sounds like there is some gray area here, but I don't think the PM should charge you 1/2 month's rent for running a credit/background check and then drawing up a lease. 

If they won’t do that I let them know they may be subject to additional costs for collections, and that will hurt their future prospects for rentals as well as other credit based opportunities. 

Projected rent is $$950 for the 3bd units and $850 for the 2 bd units So $3600 totalOne upstairs unit I was told from the tenants was poorly insulated upstairs  causing high electric bill.

I have good credit and income.

Ryan,Asset based lenders do not factor in debt or income - only credit, cash flow of property and loan to value.

The TOD deeds are a poor man's trust:)

I’ll PM you for sure.As an update, one thing we realized is that a HELOC on the property to be flipped (appraised for $85k) would essentially destroy our credit (large loan for a short period, closing out a line of credit after a short period).