Buying my first rental, with little money down....

[Michael Coiffman]

Hello Bigger Pockets family,

Here is my current situation, my current credit is in the mid's 500's , I have income close to the $90's / year, but no money down.

I will have access to maybe $7k by next year. My desire is to start buy and hold investment asap. I know the house hacking concept but 

we rent in a really nice neighborhood and we have no plans for buying primary residence, I was want to start rentals buy and hold for 

passive income later refi and get the next one ans so on.... I can get my credit to mid 600's in the next 6 months since I have been paying 

debt and dealing with creditors. I have this big dilemma.... I see myself taking a while for getting 20 to 25% down and house hacking it is 

not in the picture. Can you guys give me guidance so I can get started in my current situation ? Thanks :)