That seems reasonable to use the equity line, except if the economy drops again and they call your line due.

I'd love to provide a ton of info on this but @Engelo Rumora  really covered the major points.Lots of midwest cities are stable economies and population centers and extremely high rent prices compared to acquisition costs.

You can also look under the Economy heading and see household incomes, unemployment rates and job growth for the area which can all influence rentals for that area.

Additionally, if they have income, credit, little debt, clean car, and are clean looking then that reinforces my gut feeling.  

Here is a quick list of things to look for when DFD:•Missing Window Blinds•Dead / Overgrown Lawn•Bad Roof•Lots of Trash and Cars with Filthy Windows–No License Plates, Flat Tires•Broken Windows•Lots of Deferred Maintenance / General Disrepair•Peeling Paint•Overgrown Trees–Lots of Tree Litter on Roof•Fire Damage•Graffiti•Owner Board Up•Notices Posted on Doors / in Windows•Uncollected Mail / Newspapers / Phone Books in Driveway/Mailbox•General AbandonmentWrite down the address & take notes, go home and research owner info/mailing address using local title company, send letter.

Next the auto brokers will be crying you need a license to sell your own car.

I've learned lenders don't like this.My W2 is $25,000K1 is around $11,000Car payment is $498Credit card #1 is $15 minimum paymentCredit card #2 is $25 minimum paymentFiancee works for a property management company so we have our rent comped No other debts I currently have $26,000 saved I want to get into a property between $118,000 and $130,000I plan on renting it out for between 900-1100 Single family home I will be buying out of state My statements show between $5000-$7000 a month of income coming in. ( I'm not writing off anything anymore, besides car and rent for my business)No lenders will lend to me I've tried 4 because my debt to income from tax return the last 2 years don't show enough ( damn self employment)Hard money lenders on the website says declined because no rental experience and too high DTI..What options do I have? 

He 'oozes' used car salesman in all forms.

Both have strong, diverse economies and affordable home prices with good rent.

I got a car loan.