Oooook, so let's see if we can do that AND hack your FICO score at the same time:Remember that credit utilization ratio is a FICO score factor, and it's recalculated every month or so.

If you have a great deal ,the costs of Hard Money verses losing the deal due to time factors would be the choice.

SR is pretty NICE as you know .I like MI there are some beautiful places there no doubt especially up state and of course if your into boating your surrounded by the great lakes.

I wrote another post about this whole experience in the DIY forums.Our first attempt did not go as planned, but still looked interesting.Second attempt/application was more what we wanted and it turned out beautiful!

Oh yeah, there's that pesky risk factor which means you may end up with $0.    

If you switched sides in your scenario and were the person lending the money, would you feel comfortable with all factors being considered?

You aren't factoring in property management which would be another $260.  

The answer to this question depends on a number of factors that are specific to your situation.

@Bill Gulley, that was beautiful.

Beautiful!!!