Hi Alfred,It sounds like there is some gray area here, but I don't think the PM should charge you 1/2 month's rent for running a credit/background check and then drawing up a lease. 

If they won’t do that I let them know they may be subject to additional costs for collections, and that will hurt their future prospects for rentals as well as other credit based opportunities. 

I have good credit and income.

Ryan,Asset based lenders do not factor in debt or income - only credit, cash flow of property and loan to value.

We primarily operate in the major metros of Charlotte and Raleigh, but happy to connect and see if we can help or point you in the right direction.Thanks!

I’ll PM you for sure.As an update, one thing we realized is that a HELOC on the property to be flipped (appraised for $85k) would essentially destroy our credit (large loan for a short period, closing out a line of credit after a short period).  

I’d really like to establish a relationship with a local bank/credit union early on.

This is where a majority of my qualified leads come from, I'm not opposed to scouting other areas as well but at this point, I've only been focused on this area. 

So if you hear a bank say "you need a minimum credit score of X"...that is an overlay. 

I have very good credit so I don't think a conventional loan would be a problem.