I'm an experienced investor (3 MF deals) with excellent financials and credit.

I would like to think that in your post, if a pm company charge say 2 full months for a 36 month lease and if the tenant breaks lease half way through there would be a credit on the next tenant lease.

I have access to private money but prior to tapping it I want to fully understand how to go about this in a way that is respectful to my friends,  simple and organized.1)  The house I'm looking at is $560,000 ;   With my credit score being a mess, should I just borrow the 20% down payment ($112,000) ?

Now I know what I'm negotiating on with the banks/credit unions I have lined up.One note of interest to me: I called Capital One and they have a recourse loan that doesn't require any cash reserves, I even asked the question a second time to make sure I heard that correctly.

I know that spouse or even children are responsible for any credit card or auto loans/ revolving debt.

My goal is to make my first investment, ideally in a 3/4-plex in the Hudson County area, although I am also open to a Duplex as well if the deal is right, and I'm looking to be able to connect with like minded individuals in the following areas:- Agent - someone who wouldn't mind working with a new investor, and has experience/knowledge working in the Hudson County area (which is where I currently reside - I'm in West New York to be specific)- Bank - I would love to be able to work with a community bank/credit union, as I prefer to be able to give back to the small businesses within the community rather than fill the pockets of the big banks.  

Ours still lets landlords set income/credit/background requirements for all tenants - so if a applicant does not meet my credit requirements I can still deny them.  

Ellis San Jose i can make the coc Roi alot more really just using my line of credit but makes my payment higher thus reduces cashflow so what is better to do?

Also, saying that you need to get the concrete done anyway and don't have that kind of cash on hand leads me to believe you might want to think about getting some stronger cash reserves or your own lines of financing before proceeding; I've got credit cards with credit limits double that, where I could self-finance those kinds of repairs if necessary, but that's not a big enough hit that I'd have to worry about taking out loans on paid-for houses. 

Do you have recommendations for Credit Union that will work with OOS investor?