If you miss one of the deadlines by five minutes, your whole exchange blows up.

Paying a laborer, making five trips to Lowe's in a day.

I was in a similar situation a year ago (except I do have other debts) and convinced the bank to do a $50K HELOC with the promise of a free extension to $100K after paying down 25K in  0% credit card debt (intro rate that will be paid off as the rate expires). 

I have a goal to buy one property a year until I get to five and then maybe two to three until I replace my active income with passive income.  

I have a goal to buy one property a year until I get to five and then maybe two to three until I replace my active income with passive income.

The Home Must Be Owned for a Total of at Least Two Years During the Five-Year Period Leading Up to the SaleIn order to legally shelter the proceeds received from the sale of one’s home, a taxpayer must own the home for an aggregate of two years prior to the sale.

Even a two - five year loan would give you enough time to create financials that would allow you to refinance with lower conventional financing.  

Also can the deposit be made with a credit card?  

You would want to holistically look at your personal balance sheet for sources of liquidity and credit (cash, brokerage account, credit card, HELOC, 401k borrowing capacity, Roth IRA contributions, etc.).  

So about  $1,650 a Month Multiply  $1,650 x .40% DTI =  $715Subtract from this a  $480 a month Mortgage payment  ( PITI )  +  $85 in Minimum Monthly Credit Card Payments (  one if  $40 minimum a month and the other one is $45 minimum monthly payment ) TOTAL =  $565  ( Monthly Debts The DTI Shows a MAX TOTAL you can Afford of  $715 a month $715 - $565 =  $150 So, the Minimum Payment on the 20 Year HELOC ( at a 7.15% Interest Rate , and Paying just Interest Only for the First 10 years  =  a Monthly Payment of right around  $120 $150  -  $120  =  $30 Left Over So this Shows that I should be able to get the HELOC , as I can Afford to make the Minimum Monthly Payment on the HELOC in the amount of  $115 a month I also Have a Good Enough Credit Score to have Qualified as well..... from what the Lender told me Is there anything I'm missing , that might stop me from qualifying from Getting this HELOC ?