Quote from @Raymond Kalonji: In your opinion, what would be a reasonable minimum credit score?

You can work with a local credit union that does HELOCs, Home Equity Lines of Credit or Loans, on investment property.

Great Lakes Credit Union HSBC 70%, for premier clients only Huntington 75% LTV Hurst Lending and Insurance Investment property HELOC in Texas.

Applicant 1 has 509 credit score.

It is easy for people to download fake W2s, ESA paperwork, etc, with a few mouse clicks and a credit card. 

A delinquent tenant on month one is indicative of poor screening. 

I've found this to be super helpful: When someone inquires about the property Thank them and Send them the pre-requirements (Income, credit, no evictions) and ask if they meet them.

I've had smooth loans close with Kiavi and I've had rough ones, same with Roc.When Loans start to be troublesome:1) The borrowing entity docs are a mess2) The appraisal numbers are lower than expected3) Messy background reports4) Loans happening in an environment where market/rate fluctuating unpredictably 5) Your loan officer and their team are poor at their job6) Title issues that depend on county docs, that can be slow and painfulThere's more but it's Friday and I'm tired....

I own the property free and clear and i use the equity as part of my business line of credit.

In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.