I am looking at a commercial line of credit, based on ones liquid assets, for rehabbing, and flipping..in N.C.

$500 to apply (approved or not), $495 appraisal, 90 days to use it (I assume 90 days to use the first draw), they have first/only lien, 

have you had good success using a commercial line of credit as an investor for flipping?

thank you...