Will a bank have to run my credit and check my income to debt ratios like a normal mortgage or is the collateral of the property enough. 

We ok credit score, more than adequate income, and minimal debt.

I don't care what you say your credit score is or how many homes you have purchased or that you got approved online with Bank of America ...Bla...Bla..Bla... 

The only banks that I have talked to so far will only increase the available credit if you go through a Refinance process on the HELOC. 

That helped immensely with improving my credit score.

@Amy Rodgers There is a huge element of terror involved in putting up a lot of your own money or risking your credit for a real estate investment, especially when you don't have a particularly remunerative job to fall back on.

The rest was funded with credit lines and cash from first flipCondition of Home: Crack houseLots of trash to be removedPiss and crap all over the floors. 

In my day when I did this we called those hypothecations.. and our bank would routinely loan 50% of our UPB.. and the hypothecation was done through the collateral assignment to the bank.and then when we moved into HML we have nice size credit lines for this we made a new origination and the bank took the collateral assignment as to 56% of ARV or appraisal.. that's how most of us HML did it pre 08.it was great we borrowed from the bank at 6 or so and lent out at 15 to 20 and made the delta..you get big enough lines and its pretty cool business. 

If I let it go and get foreclosed on it, will that affect my personal credit ?

Currently i'm just working with one lender (i was referred to them by a few different people), but i'm hesitant to get quotes from other lenders because I don't want my credit dinged by too many inquiries.