That’s very different than if you were approved for a line of credit for $150k.  

I have doubts about taking on a mortgage at my age and whether it will affect my credit score positively or negatively.

I would say that it is very important to know the entity structure that you plan to use from a tax & liability stand point before jumping into buying property.

I have good income & excellent credit as well.

On Commercial notes from community banks and credit unions you may notice that the loans will balloon at the end of the term period and often times the term is shorter than the period they amortize for your monthly payment so at the end of the term you're left with a sizeable balance to payoff or refinance again.

Most states will give credit for tax paid in other states but if their tax would have been higher they then assess the difference. 

Check back with me in 30 days and I should have a formal proposal .Side note - I have read on BP and am also finding locally credit unions are a good source for investors.Best wishesChris

As an old boss told us once, 'you are standing waist deep in water complaining about how thirsty you are'.

The other 5 I bought cash from my earnings from my various business dealings and are in various stages of completion, being remodeled or next in the pipeline.Here’s my question, I can’t keep dropping 10’s of thousands of dollars boot strapping my property acquisitions and I think I’ve acquired enough collateral to put up for a line of credit so I can continue to buy deals as they present themselves, which is every day in my area.

Were going to negotiate with seller to give us some credit towards that, but I don't think that's too much for a new roof.