$50,000So I am correct to assume it would be 20% on just the Schedule C income?

Your length of credit is tied to your longest-open card, so closing an old card that you don't use anymore isn't a great idea.Go through your credit report and make sure every item is correct - anything that isn't, file a dispute.

Good to hear that my instinct was correct. 

The reason why I like this strategy is:- Seems like lower risk;- If numbers are correct, its not much out of pocket;- Seems like a good way to get feet wet, get a rental & some positive cash flow.My concern is:- I speak with investors all the time who started off in SFH and they all say moving forward their strategy will be multi family.Any insight is greatly appreciated!

@Ronak Shah you are correct, the IRA account owner considered "disqualified person" to his/her IRA and as such not allowed to provide personal guarantee for the loan to the IRA.

I then opened a complaint with the county who has issued him a notice of correction (front yard junk and feces) but I’m not sure where that will go as the notice is addressed to him wife (who seems to no longer live that the property) who records list as the sole ownerAny suggestions?

Your correct that there are very few duplex or triplexes here and what is available is very overpriced. 

Yes, that's correct.

I ran the tool three times to ensure I had all the numbers correct and that's what I keep on coming up with.

Frank is correct, the other three properties you must have 25% down for traditional financing, although you could maybe seek out private financing.