I like lines of credit on your primary residence, but only if the property you intend to purchase cash flows enough to pay back the LOC.

I recommend that you stay on the safe side and do send 1099s to your wholesalers.You do not need to send 1099-NEC in these cases:You paid the contractor electronically (PayPal or Credit Card).

My credit card company allowed the charge of $390.00 to go through and say because it was a recurring charge that they can do nothing about it now.

His name is Marc Garrison and he did Buying Tours and this completely set me on a course to success. 

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You can vet buyers on your own by asking for paychecks, W2's, credit card statements, etc...   

It is very important to maintain a consistent standard (e.g. set minimum credit score, positive prior landlord references, eviciton history if your state allows it -- my State of NY no longer allows landlords to deny based on prior evicitons, so we can't use that as a criteria any more). 

Of course any where near water is great.

One, for example, will only give you credit for 50% of the cash out proceeds toward reserve requirement.

You may be dealing with a credit rated national tenant one day and a local mom and pop business the next.