I don't have a ton of money to start but I could get a VA loan and a line of credit to do any rehab.

I do not have the net worth or credit that bankers I’ve spoken to require.

Ask basic questions - income, credit, pets, nonsmoking or not.

Perhaps a 20% mortgage with a 10% line of credit?  

My friend has home construction experience and I have a good credit score with a desire to learn.

@Todd Willhoite  Desktop Underwriter® (DU®) provides lenders a comprehensive credit risk assessment that determines whether a loan meets Fannie Mae’s eligibility requirements. 

I am from Waukegan, Illinois in my late twenties, working for a credit union at the moment.

I own a small IT Consultancy business in MD and have a good credit score.

My question is would I be able to get a HELOC on this property (home equity line of credit) and what happens if I move but keep the property as 100% rental.

As I sit here thinking about creative ways to fund a deal, including hard money, I have come across the idea of a Solo 401K plan and loaning to myself from the plan.Key facts that I can find are:  5-year term (normal prin+interest payments required at least quarterly), Larger of $50K or 50% of vested balance is the max loan, no credit check or specificity required about intended use of funds, failure to make payments/payoff on time are that plan treats it as a taxable distribution (early in my case), can loan at a reasonable interest rate which sounds like can be a prime+ type rate.....last WSJ prime was 3/22/18 at 4.75%.