We both have excellent credit and no credit card debt.  

Hi All,I'm looking to separate my rental income and expenses into a separate bank account and credit card.

Also, you could raise their rent by 9.9% with 90 days' notice and see if they move out from that.  

Born and raised in Chicago.

my last closing was last friday, off market single family in Miami gardens that came from a post card

If I couldn’t make the timeline work for a HELOC, how would you raise the cash?  

I’d sent him many areas he could apply for help and asked for documentation he was struggling with rent to document but he didn’t follow up with the request and to document he was having trouble or met the requirements for aid.Regardless, what got to me was a statement he made that he was able to start making payments after catching up with his credit card debt.

You can raise capital through friends and family to help with the downpayment of course but maybe thats not a good idea for your first property as you are still figuring it out.

I do plan on this commercial property being a value add BRRRR in the sense of forcing equity, reducing expenses and raising rents.I look forward to hearing your thoughts on this personal situation and I am beyond thankful to have such a wonderful tool at my fingertips!

So, you need to have some debt, even if its a credit card that you pay off in full every month, to show that you can handle it.So, it really depends on your finances and your goals.