He is starting to improve his credit now and has 2 credit cards that he is paying off every month. 

Consider this me handing you my business card!

Each LLC needs its own bank account, debit/credit cards, contracts, books, etc.

I turned an Amazon gift card into these gems - all arrived today.  

I fully anticipate it will appraise for about 90k over purchase price.It is an REO property and while it has sat empty, someone has stolen all 3 condenser units from the side of the house. 

Tips/tricks:1) Note that these peer-to-peer lending loans are unsecured loans so they are treated much the same as a credit card balance on your credit report.2) Your credit score may go down if the large loan increases your DTI (debt to income) ratio.3) Make sure you don't take the money out too much in advance of when you need it because you need to make monthly payments.4) Since these are not "mortgages", you could use this to get funding to buy a house (either by itself or combined with funds you have saved) then make the payments for a year until you reach the seasoning period most banks want, then refinance into a longer-term, lower rate loan. 

If you listen to the gurus, they'll recommend upping all the limits on your credit cards, beg family for money and or sell a kidney on the black market.

In my experience, receptacles get vandazlied and stolen.  

Last Thursday, we deposited a $17K bank draft (issued by another chartered bank) from my in-law's RRSP account plus a $10,500 0% credit card cheque to cover the $10,000 we would use to hold the property.

. $15K seems small enough to where you could purchase it with a 0% intro credit card.