Most investors opt for the skeleton versions that truly miss the mark and lead to convoluted amended and restated agreements that cost far more to correct than simply paying for the agreements to be drafted by a professional at the start. 

@Jerry Tilley 30 year fixed rates in the 6s totally available with strong credit score today via DSCR in North Carolina.

Hello,We have tenants that moved to Florida from out of state and didn’t have rental history, jobs, and also a low credit score.  

This is all dependent on your credit score, property type, etc.

They also have a deadbolt version to use with a non-locking doorknob: https://www.amazon.com/Schlage-FE595-CAM-622-Electronic/dp/B...There are newer doorknobs that are WiFi compatible so you can monitor and even change codes remotely.

Many lenders generally have a 1-year lookback window where things will change as soon as its been 12 full months without a mortgage late (then will essentially no longer be a penalty besides any effect on FICO score)

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

We don't have the means to buy, we've been working on our debt to improve our scores but not enough to qualify to buy without a co-signer.

. :) We are very competitive our products. 780 score ,25% down DSCR rates 6.875%, 30/30 Interest Only, $5027 IO, if 5 year prepay, No points.

If you are buying a turn key and do not expect to take cash out for a few years just gauge that on your prepayment penalty years.Rates vary depending on credit scores, LTV, DSCR ratio, Loan amount, Property type, number of units.Good news is rates have been dropping so DSCR may not be a bad option if you buy and simply refinance in 12-24 months.