Sounds like you're on the right track!

I hope to receive the historic Federal and State tax credits.

Why would you ignore that while putting all your eggs in one basket.I would put $100K down on a 2-4 plex, $100K into 3% CDs and gold stocks to weather this trade war storm (2018), and put the last $100K into my own business as a LLC that could be used in Year 3 to play in commercial real estate (5 units or more).In the mean time shoot for a 80+ business score and 720+ personal credit score while seeing if we're heading into a recession.

720+ credit score for 4 units or less and 80+ seasoned LLC for 5 or more units.Hold off on tax write offs on the rental two years prior to financingso that you can maximize your net income for the loan.

I was told by a realtor friend that you can put as little as 5% down on a conv loan with no PMI if your credit score is 720 or over.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

Just some additional info about me: I work a full time and part time job, I have a 6 year credit history, I’ve never missed a payment and I have a good credit score.Thanks!

During the seasoning period I would pay back the interst on the loan, $10,000, and after refinancing pay the private lender his full $100,000 and then move on with my 30 year fixed mortgage.Any help would be greatly appreciated as I am not sure if I am on track with this strategy or not.