It can't be discharged in a bankruptcy, so in a worst-case situation, it can have much longer-term affect on your credit and finances than other types of debt.

Knock on wood.But we still screened and credit chk them.

There is no 3rd party as of now, I am an investor and have to look for credit partners if 20% is a must.If I finance only part of the project then do I have to pay the equity on full projects profit?

Any thoughts or experience with Core Logic, Real Quest, Credit Technologies, Fiserv, LP Services, Sitex, Freddie Mac HVE, or others?

It was line of credit so it was letter from bank.

Any thoughts or experience with Core Logic, Real Quest, Credit Technologies, Fiserv, LP Services, Sitex, Freddie Mac HVE, or others?

If you decide to go with college rentals get co signers and decent security deposits, Dont forget the credit check and condition reports they are important.

Because the financing is coming from us personally and not through the LLC this is a crack in the veil of the corporation.We are finding it much harder to find commercial financing since this is our first property and we do not have a track record of success.We both have excellent credit and a good amount of cash on hand.

Our household income is between $160k - $175k annually and our credit is good.

This works for most transactions, but as mentioned above, it would be fraudulent to do it with a short sale given the affidavit the buyer typically needs to sign.