I can respect why this is necessary; however, I do not have the capital required in cash and am not ready to pull equity out of my Norfolk Va house (~$70K) or fund with Credit Cards until I feel more confident with the process.

I am debt free with no credit but I’m getting a secured credit card to build it.

I’d live in it for the requisite year & probably put the renovations on a no interest business credit card to keep it off my personal credit report and not mix my real estate & real life.

. $60 per month, they keep my credit card on file and charge it monthly.

You can sell, you can refinance, you can get a second equity loan, you can borrow on credit cards and pay them with the cash flow from the property - you have choices.Q4.

Back when I was a mortgage banker and switched to a new bank, the business cards they gave me said "area manager" on it.

If you have a credit history with more than just the intro student credit card (ie Discover Student Card) then you should be good to get a loan.

One thing I forgot was to use the entire entity name instead of just yours on everything that is considered important business including your cards and checks for the business.

Depending on your personal credit score (has to be at least 720), annual income and current credit card balances vs. credit card limits, you can qualify for $40K, $80K or even more.Lastly, as others have mentioned - network.

Under this same account you can also get a credit card to only use for property expenses.