First Time MFH Investor, below 600 credit

[Alex Boots]

Hello,

I've been studying content on MFH investing for about a year and I'm done waiting and ready to take the dive.  I have friends/family who have some considerable cash and I won't have problems finding equity. The question remains is do I start above 4 units or not. Also, I still have a lot to learn on how to structure the equity partners into the deal, doing preferred returns, splitting returns above it, structuring how profits are disbursed on the exit, etc.

Here's my main concern - I have credit below 600 still from destroying my credit score with reckless consumer debt spending in my 20's.  I've been enrolled in a debt settlement program and have been settling debt for 2 years now, but I still have a ways to go.  I have a couple collections on there, lots of missed payments, etc, in 2019 before they all went to collections (about 13 different consumer credit lines with different banks). 

I've had w2's for the past year and half and will make about $100K-$150k from my job this year, so my income isn't really impressive either. 

With both DSCR loans and conventional financing, it just doesn't appear I can cirumvent the low credit score.

What are my workarounds? Do lenders pull the credit scores of ALL the equity partners (investors) in the deal? Do they just look at mine? Do I leave mine off entirely, and if so, how would I do that and still have any equity in the deal? 

How do I solve this so I stop WAITING to buy real estate but buy and then WAIT, pay off all my debt, increase my net worth for real.