What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Should we pursue a "cheap" rental in order to build rental history in the hopes of securing DSCR loans down the road? 

A debt service loan would be a good option if your DTI is high, you want to close in an LLC, you're self-employed or have low income on paper, or you don't have a stable 2-year work history.

Verifying last 2 years of rental history very important!

While I wait for my work history, I want to build credit and save for a down payment.

Prohibiting a landlord from using criminal history prior to a conditional offer.We're seriously considering selling and buying in another state.

I often hear, "Oh, I didn’t know" or "Oh, I forgot about that," followed by reluctance to go through the effort of gathering the necessary documentation.

A seller can not sign away his rights in a purchase or any other document.

Full Disclosure is Required for Non-Accredited InvestorsIf any non-accredited investors participate in your deal, you must provide them with detailed disclosure documents.The SEC states:“[The company] must give any non-accredited investors disclosure documents that generally contain the same type of information as provided in registered offerings.”This is where having a Private Placement Memorandum (PPM) and Subscription Agreement becomes absolutely necessary.A PPM outlines:✅ The risks of the investment✅ The structure of the deal✅ The terms and conditions✅ The use of fundsA Subscription Agreement ensures:✅ Investors acknowledge they understand the risks✅ They meet SEC requirements✅ They legally commit their capital🚨 Not providing these documents could leave you vulnerable to investor lawsuits.4.

They wanted me to append the 3 plans into a single document.