Basically I'll be credited $5k next year and now finding out it's going happen next year in 2019.

Also, that criteria will miss some people that actually do have equity - the most common case being people having unused home equity credit lines (HELOC), as the computer model has no idea what the current balance is, and many are zero, but the computer models assume the worst case that the credit line is maxed.Hope that helps.

I was able to get that in Dayton Ohio on a portfolio of 13 doors from a local credit union.

Accept credit scores down to 5002.

My credit is shot (currently working on it but it'll be a while) and have only a little over $5k.  

@Daniel Byrd, one less thing to worry about, find out everything about the tenant, all documentation should be available to you including the proformas, including tenants credit report and payment history, if they cant provide the docs, move on.

HELOC, Personal Loans, and Unsecured Line of Credit, depending on your credit and DTI.

In fact, given solid credit and a decent loan size you can even tap up to 50% of the appraised value to cover closing costs.   

His end goal is to refinance with a conventional loan but he wants to wait another 6 months after his credit score improves from his current 650 credit score to receive a better interest rate.

An investment agency offers to be an intermediary between a buyer, seller and a bank and to manage the entire process, including finding the best deal for the customer, obtaining the credit in customers name and managing the property once it is rented.